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SAW QB2 2014, englisch

InterimManagementReport Events After the Balance Sheet Date In an ad hoc release on July 14, 2014, in accordance with section 15 of WpHG, ­Software AG communicated its pre­ liminary second-quarter results prior to the scheduled an- nouncement as well as an adjustment to its full-year gui- dance. The company announced that its BPE business line had been affected by a surprising reluctance among cus­ tom­ers to commit to large infrastructure projects and that BPE license revenue as well as BPE product revenue were down from the previous year. While the ETS business line declined as expected, EBIT (IFRS) was negatively impacted be one-time effects related to the sale of the company's SAP consulting operations. Risks and Opportunities Our 2013 Annual Report contains a comprehensive Risk and Opportunity Report (see pp. 98-107). It discusses specific risks that could have a negative impact on our business and financial performance or our assets and financial position. It also describes key opportunities for ­Software AG. There were no changes to the risk and opportunity situation of the ­Software AG Group in the second quarter of 2014 as com- pared to the risks and opportunities identified in the 2013 Annual Report. Outlook ­Software AG's Management Board adjusted the full-year forecast for 2014 with the release of the half-year results. Due to the considerable delay in large-scale projects ap­ parent in the second quarter, ­Software AG anticipates BPE revenue for fiscal 2014 to approximate last year's at constant currency (previous forecast: growth between 12 and 18 percent at constant currency). The expected decline for ­revenue in the traditional ETS database business remains unchanged between -16 and -9 percent (at constant cur­rency). ­Software AG expects its operating (non-IFRS) pro- fit margin for fiscal 2014 to be between 26 and 28 percent (2013: 26.8 percent). Previously, the company had projected growth in Group profit margin as well as operating (non-­ IFRS) income between 2 and 7 percent year on year. 15 Share Interim Management Report Interim Financial Statements Notes to the Interim Financial Statements Additional Information Significant Events During the Reporting Period Financial Performance Financial Position Assets Events After the Balance Sheet Date Risks and Opportunities Outlook