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SAW QB1 2014, englisch

Assets Software AG’s total assets decreased from €1,996.9 million on December 31, 2013 to €1,935.9 million on March 31, 2014. Trade receivables were down by €41.3 million. Fixed assets decreased in part due to the €31.0 million in planned amortization of acquisition-related goodwill. Net debt was €132.2 million as of March 31, 2014. Including the value of treasury shares results in a net cash amount. Shareholders’ equity fell to €916.6 million (2013: €965.6 mil- lion). This was due to the repurchased treasury shares, which are offset against shareholders’ equity in the balance sheet. Nevertheless, Software  AG’s equity ratio was high at 47.4 percent of total assets as of March 31, 2014. Statement on corporate disposals Please refer to the section on the consolidation of SAP con- sulting operations through the sale of IDS Scheer Consulting in Significant Events During the Reporting Period. Employees As of March 31, 2014 Software AG had 5,108 (full-time) employees compared to 5,238 as of December 31, 2013 and 5,300 as of March 31, 2013. The number of employees in Sales and Marketing decreased to 1,131 (December 31, 2013: 1,180) as a result of adjustments in the Consulting and ETS segments as well as in Marketing departments throughout the Group. There were 995 (December 31, 2013: 998) people working in Research and Development as of March 31, 2014. In Germany, the number of staff members fell to 1,663 (December 31, 2013: 1,711). Management’s assessment of the first-quarter results Software AG’s management is of the opinion that the new fiscal year began with solid financial performance. The Group was able to continue the positive trend in its largest and key future-oriented, high-growth BPE business line in the first quarter of 2014. We consider the double-digit BPE growth to be confirmation of our current transformation strategy. We charted our course for dynamic growth early on through the targeted expansion of sales and our product portfolio in key future markets. We expect continued dy- namic growth in BPE over the course of fiscal 2014 and confirm our outlook for the year. Events After the Balance Sheet Date There were no significant events after the balance sheet date. 10 Software AG | Interim Report 1 | 2014

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