·
Total revenue up 5
percent
·
Maintenance revenue up 8
percent
·
License revenue up 7
percent
·
Growth in both product
lines: A&N +9 percent, DBP +7 percent
·
Digital cloud market
gains relevance
·
EBIT increases 36 percent
·
Operating margin rises to
32.5 percent
·
FY 2015
outlook updated
[All figures are preliminary and rounded.]
Darmstadt/Germany, October 28, 2015 – Software AG (Frankfurt
TecDAX: SOW) today confirmed and precised its pre-released key financials
(IFRS, preliminary) from October 13, 2015 for the third quarter of 2015. Group
revenue increased by 5 percent in the period under review. Maintenance revenue
improved by 8 percent compared the same period last year. License revenue rose
7 percent. Both product business lines played a part in fueling this growth: Adabas & Natural grew 9 percent and Digital Business Platform 7 percent.
Earnings before interest and taxes (EBIT) leaped 36 percent in Q3 to total
€66.8 million. Software AG continued to improve its operating income in the
third quarter, while also netting positive one-time effects worth approximately
€7.3 million. This amount is the balance of the cancellation of share-based
remunerations (€15.6 million) and expenses related to the company's
forward-looking Sales strategy (-€8.3 million). Based on its performance in the
first nine months of the year and its project pipeline for Q4, Software AG has
updated its revenue forecast for fiscal 2015 and increased its expected
operating margin.
Karl-Heinz Streibich, Software AG CEO,
commented, “We are on the right track in extending our technology leadership
with the Digital Business Platform.
This leadership and our early market entry into the digitization area are
showing their first successes. On this basis and in combination with profitable
growth, we plan to further increase Software AG’s value.”
CFO Arnd Zinnhardt elaborated, „In the past
quarter, we successfully continued to further improve our earnings per share
and our operational earnings. With a margin of over 32 percent, we have reached
a value among the best in our industry. At the same time, we increased our free
cash flow by 50 percent in the first nine months. With these results, Software AG
is well equipped and positioned for the future and able to react quickly to
changing market conditions.”