Software AG’s Digital Business Platform revenues up 18%

Software AG recently released its financial results (IFRS, preliminary) for the second quarter of 2015. The business performance reported reflects the success of the company’s value-oriented strategy which is focused on profitable growth. The Group’s total revenue for the period grew 10 percent to €205.6 million

Karl-Heinz Streibich, CEO, Software AG, commented, “One year ago, we started to focus on a value-oriented strategy. Our positive business performance over the last three quarters again confirmed both our ability for fast execution and the value potential of our business”. He continued, “In the second half of 2015, we will continue to concentrate on profitable growth through world-class operations and organic growth with our leading digital portfolio.”

Software AG’s largest business line, the Digital Business Platform (DBP), reported revenue growth of 18 percent to a total of €99.8 million in the second quarter of 2015. Maintenance revenues increased 21 percent to €62.8 million.

Meanwhile, the company’s Adabas & Natural (A&N) database business posted revenue growth of three percent to total €57.5 million in the second quarter. Of that amount, €40.9 million (2014: €38.4 million) was generated by A&N’s recurring maintenance sales, which were up seven percent. And the consulting business line generated €48.4 million in revenue in the second quarter. Profitability increased significantly following the sale of non-strategic units. Segment earnings in the Consulting line were €3.8 million; and its margin improved 5.2 percentage points to 7.9 percent.