GEC NEWS WIRELargest Business Line Again Increased Market Share
Software AG (has recently released its financial results (IFRS, preliminary) for the fourth quarter and for the full 2013 fiscal year. The company reached a record level of license sales in the final quarter. Up 23 percent, Business Process Excellence (BPE)—the company’s largest business line—significantly outperformed the market and Software AG increased market share considerably. As the Enterprise Transaction Systems (ETS) business line also grew more than 20 percent in the fourth quarter, Group license revenue climbed 22 percent. Fueled by strong business in the second half of 2013, Group license revenue for the full fiscal year likewise rose to a record high, reaching a total of €330 million (2012: €319 million), a 9-percent rise. This positive performance is a result of Software AG’s growth strategy of investing in the expansion of its BPE sales and marketing activities in 2013. In addition, the company made five acquisitions in the past year, worth a total of more than €110 million, enhancing its BPE product portfolio with additional innovative technologies.
Karl-Heinz Streibich, CEO of Software AG, stated, “2013 wasn’t just the strongest year in the history of our company with respect to licenses. It is also proof that we are right on track with our transformation strategy. We will build on our technology leadership and further increase our market share in 2014.”
Arnd Zinnhardt, CFO of Software AG, added, “We strengthened our future-oriented business line by investing in organic growth and five technology acquisitions. At the same time, we maintained our operating profit margin, at a very respectable level, through disciplined cost management. Thanks to sufficient cash reserves, we are ideally positioned for further growth.
