Quarterly and Full Year Results
1Q2013: Software AG achieves double-digit growth in largest Business Line
Software AG (Frankfurt TecDAX: SOW) reported license revenue growth of 19 percent (at constant currency) in its largest business line, Business Process Excellence (BPE), in the first quarter of the current fiscal year. These results, clearly outperforming the market, illustrate that the company's expansion of sales, begun last year, continue to have a positive impact.
In addition to its quarterly results, Software AG announced its acquisition of LongJump, a U.S. based firm headquartered in California. LongJump offers a cloud-based software platform that enables customers to independently develop enterprise applications. In order to further fuel dynamic growth, Software AG plans to drive its growth initiatives with targeted investments in the BPE business line during the course of the current fiscal year. The company's full-year forecast for 2013 has been confirmed.
Key Figures (IFRS, unaudited)
|€ million (unless otherwise stated)||3M 2013||3M 2012|
|Business Line Revenue|
|Business Process Excellence||90.3||80.6|
|Enterprise Transaction Systems||64.5||76.6|
|as % of revenue||18.5|
Quarterly Report Q1 2013Quarterly Report Q1 2013
(PDF, mobile version, 40 pages, 2.3 MB)
Press ReleaseSoftware AG achieves double-digit growth in largest Business Line