License revenues climbed 15.2 percent to € 131.6 million
Operating result (EBIT) rose 14.9 percent to € 96.4 million
EBIT margin improves to 22.0 percent (2004: 20.4 percent)
Share price increase of 73 percent
»Our success is the result of our clear focus on the
Company’s core competencies: modernizing
business-critical systems and developing integration
solutions. In addition, we have closed
the gap between sales and R&D. Sales, Marketing
and R&D are now working together as one.«
