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Software AG GB 2013. englisch

Double-digit growth in the BPE business line, record-level Company-wide license revenues, ongoing expansion of our technology leadership and the dynamic drive toward higher order volumes—fiscal year 2013 showed that our investments are yielding results and that we have charted the right course for successful long- term business development to evolve into a whole new dimension. We once again clearly outperformed the market in the future-oriented Business Process Excellence (BPE) field, our biggest and most important business line. Product revenue increased by more than 15 percent at constant currency, making our growth more than twice as strong as the competition. The growth rate for license revenues even reached 18 percent, providing clear evidence that we are winning new business on a grand scale and significantly increasing our market share. 2013 was also a successful year for Software AG’s two other business lines. Enterprise Transaction Systems (ETS), the traditional database segment, performed better than expected. At the same time, the newly established Consulting business also achieved a positive segment contribution, confirming its successful operational turnaround. Group-wide license revenue reached €330 million in the year under review—a new record for Software AG. License revenues are a significant gauge of success in the software industry. They are considered a key indicator for future growth, because license sales are followed by long-term maintenance revenue. There- fore, it is all the more important that we show strong performance on the license side. Dear Ladies and Gentlemen, Dear Shareholders, Software AG is on course. Our growth strategy is taking hold. 7 Letter from the ­Management Board