Archive of Quarterly Reports 2008

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Fiscal 2008: A good year for Software AG

Software AG (Frankfurt TecDAX: SOW) continued to grow in the fiscal year 2008. Group revenue (IFRS) rose by 16 percent to €720.6 million (2007: €621.3 million). Product revenues increased by 19 percent to €539.1 million (2007: €454.2 million). Operating earnings (EBIT) grew by 32 percent to €180.5 million (2007: €136.8 million) while net income rose 31 percent to €115.9 million in 2008 (2007: €88.4 million). Software AG’s successful entry into the Brazilian market, the smooth integration of webMethods and continued organic growth in the new webMethods division contributed to the good performance in fiscal 2008.
    
     

3Q2008 - Software AG increases earnings in the third quarter

In the third quarter of 2008 (July 1 – September 30, 2008), the revenue and earnings of Software AG (Frankfurt TecDAX: SOW) continued to grow despite the difficult market environment. Group revenue (IFRS) increased to €180.1 million (Q3 2007: €157.8 million), a rise of 14 percent. Revenue growth was again driven by product revenues (licenses and maintenance), which increased 20 percent to €138.0 million (Q3 2007: €115.1 million) and therefore accounted for 77 percent of Group revenue. The remaining 23 percent was generated by the Professional Services business, whose revenues of €41.8 million approximated last year's level (€42.3 million). Both business lines contributed more or less equally to revenue growth: The ETS business line grew by 15 percent to €101.1 million (Q3 2007: €87.9 million), and the webMethods business line saw revenue growth of 13 percent to €79.0 million (Q3 2007: €69.9 million). Earnings (EBIT) climbed 50 percent to €48.7 million, and the EBIT margin to 27.0 percent (Q3 2007: 20.5 percent).
   
     

2Q2008 - Software AG achieves its second quarter financial targets despite more difficult market conditions

The second quarter of 2008 saw Software AG (Frankfurt TecDAX: SOW) achieve its financial targets and therefore continue the rise in earnings reported in recent quarters. Both product revenue and revenue in the two business divisions were within expectations. Consolidated revenue (IFRS) amounted to €168.8 million (Q2 2007: €152.2 million), a rise of 11 percent (currency-adjusted: 18 percent). The company increased license revenue to €61.4 million (Q2 2007: €57.3 million) and maintenance revenue to €61.8 million (Q2 2007: €51.4 million). Adjusted for currency exchange rate effects, this equates to growth of 15 percent in license revenue and 30 percent in maintenance revenue.

Revenue in the ETS business division rose to €92.1 million (Q2 2007: €90.6 million), and in webMethods to €76.7 million (Q2 2007: €61.6 million), equating to increases of 7 percent and 34 percent respectively on a currency-adjusted basis. EBIT was up by 11 percent to just under €41 million, with the EBIT margin increased to 24.3 percent (Q2 2007: 24.1 percent).
 
     

1Q2008 - Software AG reports strongly rising profits in first quarter

Software AG’s (Frankfurt TecDAX: SOW) first-quarter business development showed no discernable influence of the weakening economy on IT-demand. In particular, the US, the most important market, remained robust. The data management business of the core ETS business division achieved its ambitious goals with growth of 9% globally, at constant currency rates. In the new webMethods business division, the full extent of revenue potential in Europe and Asia is yet to be reached, while in the United States, the revenue for integration software showed substantial growth.

Due to rising process efficiencies based on the synergy effects from the webMethods acquisition, the operating results (EBIT) rose by 44% and the EBIT margin rose to 22.6% (20.0% in Q1, 2007). The earnings per share (EPS) at €0.79 is a new record for the first quarter and gives Software AG a very good start towards achieving the full year target.
    

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