euro adhoc: Software AG
Quarterly or Semiannual Financial
Statements
Software AG to report growth in revenue and profit for
Q1, 2005
Disclosure announcement transmitted by euro adhoc. The issuer is responsible for the content of this announcement.
12.04.2005
Software AG (SOW) will report license revenue of approximately EUR 27 million for the first quarter 2005, (EUR 23.3 million in Q1, 2004), according to the first consolidation of the quarters financial figures. The increase of more than 15%, compared to the same quarter in 2004, was again due to strong growth of license revenue in the XML integration business line (+50%; revenue from Software AG integration products increased by one third) and supported by growth in Enterprise Transaction Systems.
Maintenance revenue remained at previous years level (EUR 44.1 in Q1 2004). Revenue from services (EUR 28.0 million in Q1 2004) showed an increase of 4% due to growth in the USA. The company expects total revenue of approximately EUR 100 million for the quarter (EUR 95.7 million in Q1, 2004).
As a result of the revenue increase, Software AG will book an operating result (EBIT) of approximately EUR 17-18 million for the first quarter of fiscal 2005 (EUR 15.1 million in Q1, 2004).
The consensus of all published sell-side analysis expected license revenue of EUR 24.4 million, total revenue of EUR 98.0 million and EBIT of EUR 17.5 million.
Full and finalized figures will be published on April 28, 2005.
For full year 2005, Software AG continues to forecast a revenue growth of 4-6 % (at constant currency) and an EBIT margin of 20-22%.
end of announcement euro adhoc 12.04.2005 19:03:26
Further inquiry note:
Otmar F. Winzig, Vice President Investor Relations
Tel.: +49 (0)6151 92 1669
E-Mail: otmar.winzig@softwareag.com
Branche: Software
ISIN: DE0003304002
WKN: 330400
Index: Midcap Market Index, TecDAX, Prime Standard, CDAX, HDAX, Prime All Share, Technologie
All Share
Börsen: Berliner Wertpapierbörse / free trade
Hamburger Wertpapierbörse / free trade
Baden-Württembergische Wertpapierbörse / free trade
Börse Düsseldorf / free trade
Niedersächsische Börse zu Hannover / free trade
Bayerische Börse / free trade
Bremer Wertpapierbörse (BWB) / free trade
Frankfurter Wertpapierbörse / official dealing