Software AG Achieves Its Second Quarter Financial Targets
The second quarter of 2008 saw Software AG achieve its financial targets and therefore continue the rise in earnings reported in recent quarters. Both product revenue and revenue in the two business divisions were within expectations. Consolidated revenue (IFRS) amounted to €168.8 million (Q2 2007: €152.2 million), a rise of 11 percent (currency-adjusted: 18 percent).
The company increased license revenue to €61.4 million (Q2 2007: €57.3 million) and maintenance revenue to €61.8 million (Q2 2007: €51.4 million). Adjusted for currency exchange rate effects, this equates to growth of 15 percent in license revenue and 30 percent in maintenance revenue. Revenue in the ETS business division rose to €92.1 million (Q2 2007: €90.6 million), and in webMethods to €76.7 million (Q2 2007: €61.6 million), equating to increases of 7 percent and 34 percent respectively on a currency-adjusted basis. EBIT was up by 11 percent to just under €41 million, with the EBIT margin increased to 24.3 percent (Q2 2007: 24.1 percent).
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