View all newsletters
Receive our newsletter - data, insights and analysis delivered to you
  1. Technology
  2. Software
April 29, 2009

Software AG reports strong Q1

Maintenance revenue up 23% at $95m

By CBR Staff Writer

Integration and application development company Software AG has reported a 14% increase in net profit to E25.6m ($33.2m) for the first quarter 2009, compared to E22.5m ($29.2m) in the year ago quarter, on revenue up 4% at E165.3m ($214.2m).

EBITA was up 5% at E42.1m ($54.5m) compared to E40.1m ($52m) last year. Diluted EPS increased 13% during the quarter to E0.9 ($1.2). Cash and cash equivalents at the end of the quarter was E137m ($177.5m).

Product revenue grew 7% to E123m ($159.4m), with license revenue up 11% at E49.3m ($64m), and maintenance revenue up 23% at E73.2m ($95m). Professional services revenue was down 4% at E42.3m ($55m) and other revenue remained flat at E0.5m ($0.65m).

During the quarter, the company acquired a 51% stake in Leipzig, Germany-based software company itCampus to expand its process-automation R&D.

Software AG CEO, Karl-Heinz Streibich, said: Software AG continues to exhibit stability in times of crisis. Our sustainable maintenance business contributed to this significantly. I am optimistic for 2009, because of our sales success in the first quarter and particularly because two of three postponed deals have already been closed. The current pipeline continues to support our expected full year revenue growth of between 4% and 8%.

Content from our partners
How to engage in SAP monitoring effectively in an era of volatility
How to turn the evidence hackers leave behind against them
Why food manufacturers must pursue greater visibility and agility

Topics in this article :
Websites in our network
Select and enter your corporate email address Tech Monitor's research, insight and analysis examines the frontiers of digital transformation to help tech leaders navigate the future. Our Changelog newsletter delivers our best work to your inbox every week.
  • CIO
  • CTO
  • CISO
  • CSO
  • CFO
  • CDO
  • CEO
  • Architect Founder
  • MD
  • Director
  • Manager
  • Other
Visit our privacy policy for more information about our services, how New Statesman Media Group may use, process and share your personal data, including information on your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.
THANK YOU