Quarterly Reports

Quarterly and Full Year Results


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Software AG Q4/FY 2013: 2013 License Revenue Highest In Company History

 

Software AG (Frankfurt TecDAX: SOW) today released its financial results (IFRS, preliminary) for the fourth quarter and for the full 2013 fiscal year. The company reached a record level of license sales in the final quarter.  Up 23 percent, Business Process Excellence (BPE)—the company’s largest business line—significantly outperformed the market and Software AG increased market share considerably.  As the Enterprise Transaction Systems (ETS) business line also grew more than 20 percent in the fourth quarter, Group license revenue climbed 22 percent. 

Fueled by strong business in the second half of 2013, Group license revenue for the full fiscal year likewise rose to a record high, reaching a total of €330 million (2012: €319 million), a 9-percent rise.  This positive performance is a result of Software AG’s growth strategy of investing in the expansion of its BPE sales and marketing activities in 2013.  In addition, the company made five acquisitions in the past year, worth a total of more than €110 million, enhancing its BPE product portfolio with additional innovative technologies.


     

Key Figures (IFRS, unaudited)

€ million (unless otherwise stated)   FY  2013
FY  2012   
Revenue  972.71,047.3
Product Revenue
  705.7   712.2
Business Line Revenue
 
  
Business Process Excellence  422.9   384.7
Enterprise Transaction Systems  274.5
   310.5
Consulting  275.4   352.1
EBIT 205.5  248.3
as % of revenue    21.1     23.7

 


Financials

Key Figures  
Balance Sheet  
Income Statement  
Statement of Cash Flows  
Segment Report  
Changes in Equity  
Recognized Income and Expenses
   

All figures in Excel format    Microsoft Excel format

 

Press Release

Software AG’s 2013 License Revenue Highest In Company History         
                                       

Presentations

Strategy presentation CEO
Q4 / FY 2013 results CFO
 

 

Webcast 
           

 

3Q2013: Strong growth in main business division

 

Software AG today released its financial results (IFRS, preliminary) for the third quarter of 2013. The company's performance confirms that its strategic transformation is producing sustainable results. With increases in license revenue of about 31 percent (at constant currency) and in maintenance revenue of about 20 percent (at constant currency), the Business Process Excellence (BPE) division set a new record significantly above the €100 million mark. More than €10 million of that revenue was generated from sales of big data products, which achieved more than 100 percent growth in the quarter.  Several large BPE deals were also signed during the period under review.

Software AG still expects an increase in BPE revenue between 16 and 22 percent (at constant currency) for fiscal year 2013. Revenue in the traditional ETS database business is anticipated to fall by 4 to 9 percent (at constant currency). The forecast for earnings per share was set between €1.70 and €1.80 in January 2013—without taking into account the impact of business opportunities that presented themselves throughout the year (share buyback program, acquisitions and associated costs). Without taking these into account, earnings per share should be within the indicated range.  Given the overall increasingly difficult market climate, Software AG points out that operational results could be rather at the low end of the projected ranges, despite the typically strong fourth quarter.

     

Key Figures (IFRS, unaudited)

€ million (unless otherwise stated)   9M 2013 9M 2012   
Revenue701.2770.6
Product revenue501.4515.3
Business Line Revenue
Business Process Excellence296.1271.0
Enterprise Transaction Systems199.3 232.3 
Consulting205.8267.3 
EBIT135.1172.9
as % of revenue19.3

22.4

 


Quarterly Report Q3 2013

Quarterly Report Q3 2013
(PDF, 48 pages, 0.5 MB)

 

Quarterly Report Q3 2013 
(Online version, flash-based)

Financials

Key Figures  
Balance Sheet  
Income Statement  
Statement of Cash Flows  
Segment Report  
Changes in Equity  
Recognized Income and Expenses  

All figures in Excel format    Microsoft Excel format

Press Release

Software AG: Strong growth in main business division       
                 
                      

Presentations

Presentation Q3 2013
 

Webcast
           

     


 

2Q2013: Overall results match market expectations

 

Software AG (Frankfurt TecDAX: SOW) today released its financial results (IFRS, preliminary) for the second quarter of 2013. Product revenue (license + maintenance) for the Business Process Excellence (BPE) business line held steady (at constant currency) during the reporting period, while that of the Enterprise Transaction Services (ETS) business line grew by two percent at constant currency. License revenue developed atypically in the second quarter. While the ETS database business received customer orders relatively early in the year, a major BPE license agreement was concluded shortly after quarter’s end. On the whole, total revenue and earnings met expectations. Investment in organic growth for BPE led to a significant expansion of the sales pipeline. Targeted, more intensive R&D activities made Software AG the global leader in integration software technology, as recognized by a current study by independent industry analysts. It gives Software AG the foundation for above average BPE growth. As for the rest of the fiscal year, the company is optimistic due to the positive start to the third quarter, and it confirms its full-year forecast for 2013, despite an increasingly uncertain market environment in some countries.
 

Outlook for 2013
Software AG confirms its outlook for the full year, which was announced on January 29, 2013 when the annual figures for 2012 were released. Accordingly, the company is anticipating growth of 16 to 22 percent in BPE revenue for fiscal year 2013 (at constant currency). Revenue in the traditional ETS database business will likely fall by four to nine percent (at constant currency). Taking into account the additional investments for the expansion of sales and marketing, earnings per share this year will amount to €1.70 to €1.80. Given the increasingly difficult market environment influencing the entire software industry and possible postponement of large-volume license agreements, as seen in the second quarter, Software AG points out that the results at the end of the year could be at the low end of the given ranges.

     

Key Figures (IFRS, unaudited)

in € millions (unless otherwise stated)   6M2013 6M2012    
Revenue462.7513.2
thereof Product revenue326.2337.1
Business Line Revenue
Business Process Excellence181.8174.3
Enterprise Transaction Systems140.3 154.5 
Consulting140.6184.3 
EBIT 86.0111.9
as % of revenue 18.6   21.8

 


Quarterly Report Q2 2013

Quarterly Report Q2 2013
(PDF, mobile version, 48 pages, 2.5 MB)

 

Quarterly Report Q2 2013
(Online version, flash-based)

Financials

Key Figures  
Balance Sheet  
Income Statement  
Statement of Cash Flows  
Segment Report  
Changes in Equity  
Recognized Income and Expenses  

All figures in Excel format    Microsoft Excel format

Press Release

Software AG: Overall results match market expectations        
                  
                      

Presentations

Presentation Q2 2013
IFRS Revenue Recognition and Operations

Webcast
           

     


 

1Q2013: Software AG achieves double-digit growth in largest Business Line

 

Software AG (Frankfurt TecDAX: SOW) reported license revenue growth of 19 percent (at constant currency) in its largest business line, Business Process Excellence (BPE), in the first quarter of the current fiscal year. These results, clearly outperforming the market, illustrate that the company's expansion of sales, begun last year, continue to have a positive impact.

In addition to its quarterly results, Software AG announced its acquisition of LongJump, a U.S. based firm headquartered in California. LongJump offers a cloud-based software platform that enables customers to independently develop enterprise applications. In order to further fuel dynamic growth, Software AG plans to drive its growth initiatives with targeted investments in the BPE business line during the course of the current fiscal year. The company's full-year forecast for 2013 has been confirmed.  
        

Key Figures (IFRS, unaudited)

€ million (unless otherwise stated)   3M 2013 3M 2012   
Revenue224.9254.6
Product revenue157.1161.5
Business Line Revenue
Business Process Excellence  90.3  80.6
Enterprise Transaction Systems  64.5   76.6 
Consulting  70.1   97.4 
EBIT  41.6  54.8
as % of revenue  18.5

  21.5

 


Quarterly Report Q1 2013

Quarterly Report Q1 2013
(PDF, mobile version, 40 pages, 2.3 MB)

 

Quarterly Report Q1 2013
(Online version, flash-based)

Financials

Key Figures  
Balance Sheet  
Income Statement  
Statement of Cash Flows  
Segment Report
Changes in Equity  
Recognized Income and Expenses 

All figures in Excel format    Microsoft Excel format

Press Release

Software AG achieves double-digit growth in largest Business Line    
              
                      

Presentation

Karl-Heinz Streibich, CEO; Arnd Zinnhardt, CFO

Webcast


           

     


 


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