Software AG: Annual Report 2005

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	2005 results
	Key figures
	Company profile
	Letter to our shareholders
	The Executive Board
	Customers & Markets
	Technology
	Software AG stock
	Report of the Supervisory Board
	Corporate Governance
	Management Report
	Financial Statements
	Auditors’ report
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	Financial Calendar
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Increased sales, higher earnings, expanded global presence: Software AG achieved a lot in fiscal 2005. What are our main growth drivers, and where does the future potential of the Company lie? Information on the strategy and market positioning of Software AG can be found in the Letter to our Shareholders.
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Customer Highlights:
Involvement in promising markets

Software AG is intensifying its activities in up-and-coming economic regions. In "Customers and Markets," we introduce you to client projects in Latin America, Eastern Europe and the Middle East.

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Investor Information

Management Report

With a rise in share price of 73% in 2005, Software AG stock improved on its already above-average performance of 2004 (+46%). Systematic corporate growth made Software AG stock even more attractive for growth-oriented investors, expanding our investor target group.

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Software AG increased growth momentum in 2005: Driven by the rapidly expanding licensing business, revenues increased by 6.5%. Growth in income, an increased market presence and expanded product portfolio guarantee that the Company will continue on a positive track.