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SAW QB1 2014, englisch

• In cooperation with more partners than ever before, Software AG not only demonstrated the breadth of its portfolio for digital enterprises, but the practical nature of the solutions when it comes to supporting business managers. Partners such as Accenture, Fujitsu, nterra integration and Telefónica Germany presented successful use case scenarios with Software AG solutions in day-to- day business. External honors Studies by independent industry analysts and market ­researchers again positioned Software AG’s products and solutions as market-leading in the first quarter of the year, confirming Software AG as a high-quality vendor. A survey conducted by Forrester Research Inc. titled “The Forrester Wave: Hybrid Integration” ranked Software AG’s ­webMethods Suite and AgileApps Live as leaders in the categories of Wide Integration, Deep Integration and Internet of Things Integration. For the second time in a row, the well-known international publication “Waters Technology” named Apama the indus- try’s leading high-performance complex-event processing technology. The Best Sell-Side CEP Technology award spe- cifically recognized Apama’s speed and scalability. Share buyback and dividend In addition to targeted investments and acquisitions, ­Software AG also employed its high level of cash and cash equivalents, amounting to €450.0 million as of December 31, 2013, to repurchase treasury stock. The share buyback pro- gram was approved at a volume of up to €110.0 million by the Management Board and Supervisory Board on ­October 25, 2013. The treasury share buyback ended on February 28, 2014. After having purchased 1,463,438 shares through this pro- gram in the fourth quarter of 2013, Software AG bought an additional sum of 2,653,845 treasury shares for a total price of €70,560,638.50 based on February 28, 2014 as a value date. The company’s treasury shares as of February 28, 2014 totaled 8,084,101, which represents 9.3  percent of its share capital. The company adheres to a sustainable dividend policy, which is geared toward long-term development of Software AG. It will pursue this continuity in the interest of a dependable relationship with stockholders. The Management and Super- visory Boards will therefore propose a dividend of €0.46 (2013: €0.46) per share for the concluded 2013 fiscal year at the Annual Shareholders’ Meeting on May 16, 2014. The dividend ratio based on the average free cash flow and net income would increase to 25 percent (2013: 23 percent). Financial Performance Total revenue Software AG generated €208.9 million (2013: €224.9 mil- lion) in total revenue in the first quarter of 2014. The ­company’s realigned focus and consolidation within its con- sulting business as well as the drop in Enterprise Transaction Systems (ETS) revenue led to a decline in total business volume of approximately 7 percent. At constant currency, the decrease in total revenue was only about 3 percent. At the same time, Software AG started the new fiscal year on a trend of continued dynamic growth in its largest business line—Business Process Excellence (BPE). The BPE segment returned a 6-percent revenue increase in the first three months of the year (11 percent at constant currency) total- ing €95.3 million (2013: €90.3 million). 6 Software AG | Interim Report 1 | 2014