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April 17, 2005

Software AG on target as Q1 revenue grows 6%

Software AG has released preliminary first-quarter figures that show revenue up 6% at 100m euros ($128.6m), on target to meet its 2005 forecast of increasing revenue by 4% to 6%.

By CBR Staff Writer

However, the Darmstadt, Germany-based company’s bid to position itself as an integration company look as far away as ever. Though the company trumpeted a 33% increase in XML business integration license revenue in the quarter, the year-ago figure was only 3.8m euros ($4.9m). Enterprise transaction systems are responsible for the 27m euros ($34.8m) license revenue, and showed a 9% rise.

Software AG said overall software and services for integration projects now account for one third of its revenue. The older development environment and database products are responsible for the remainder.

Revenue from maintenance was flat at 44m euros ($56.7m), while revenue from professional services showed a 4% increase to 29m euros ($37.4m).

CEO Karl-Heinz Streibich said the operating margin on earnings before interest and taxation was 17% to 18%, compared with 15.8% a year earlier. The preliminary figures, which ignore currency effects that are likely to diminish US earnings, will be followed by detailed figures at the end of this month.

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