EANS-News: Software AG
Software AG surpasses its EUR1 billion revenue target
in 2010
Darmstadt (euro adhoc) -
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Financial Figures/Balance Sheet
Software AG surpasses its EUR1 billion revenue target in 2010
Preliminary numbers show a revenue increase of approx. 30% in fiscal 2010 Net income up by approximately 19-20%
Darmstadt, Germany - January 12, 2011 - Software AG (Frankfurt TecDAX: SOW) reported that it surpassed its EUR1 billion revenue target in fiscal 2010, one year ahead of plan. Based on preliminary figures, the company expects an approximate 30% increase in total revenue compared to 2009. Software AG expects a net income increase of ca. 19-20%, at the upper end of the higher October, 2009 full year prognosis. Full 2010 figures will be released on January 27th, 2011.
Good demand in the financial and public sectors for both Software AG´s data management business (Enterprise Transaction Systems) and the company´s new products that optimize business processes contributed significantly to the increased results.
The company also highlighted the swift integration of IDS Scheer and successful joint sales of projects with IDS Scheer as a further contributing factor to both revenue and net income growth.
end of announcement euro adhoc
Further inquiry note:
Otmar F. Winzig
Senior VP Investor Relations & Compliance
Tel.: +49 (0) 6151 92-1669
E-Mail: otmar.winzig@softwareag.com
Branche: Software
ISIN: DE0003304002
WKN: 330400
Index: TecDAX, CDAX, HDAX, Prime All Share, Technology All Share
Börsen: Frankfurt / official dealing/prime standard
Berlin / free trade
Hamburg / free trade
Stuttgart / free trade
Düsseldorf / free trade
Hannover / free trade