Software AG Exceeds Its €1 Billion Revenue Target in 2010
January 12 2011 - 8:24AM
Business Wire
Software AG (Frankfurt TecDAX: SOW) reported that it
surpassed its €1 billion revenue target in fiscal 2010, one year
ahead of plan. Based on preliminary figures, the company expects an
approximate 30 percent increase in total revenue compared to 2009.
Software AG expects a net income increase of around 19-20 percent,
at the upper end of the higher October, 2009 full year prognosis.
Full 2010 figures will be released on January 27, 2011.
Good demand in the financial and public sectors for both
Software AG’s data management business (Enterprise Transaction
Systems) and the company’s new products that optimize business
processes contributed significantly to the increased results.
The company also highlighted the swift integration of IDS Scheer
and successful joint sales of projects with IDS Scheer as a further
contributing factor to both revenue and net income growth.
About Software AG
With more than 1,000 U.S.-enterprise customers and 800
employees, Software AG's U.S. operation contributes one third of
the company's total revenue and is Software AG's largest market
presence and R&D location. Software AG has operated nationwide
in the U.S. since 1973 through a fully-owned subsidiary, Software
AG USA Inc., which is headquartered in Reston, Virginia –
also an R&D hub for the company’s core data management and
integration technologies. R&D labs for the development of
Software AG’s webMethods product suite – offering SOA
integration and BPM solutions – include facilities in San
José/Silicon Valley, Seattle and Denver. For more information,
visit www.softwareag.com/us.
Software AG is the global leader in Business Process Excellence.
Our 40 years of innovation include the invention of the first
high-performance transactional database, Adabas; the first business
process analysis platform, ARIS; and the first B2B server and
SOA-based integration platform, webMethods. We offer our customers
end-to-end business process management (BPM) solutions delivering
low Total-Cost-of-Ownership and high ease of use. Our
industry-leading brands, ARIS, webMethods, Adabas, Natural,
CentraSite and IDS Scheer Consulting, represent a unique portfolio
encompassing: process strategy, design, integration and control;
SOA-based integration and data management; process-driven SAP
implementation; and strategic process consulting and services.
Software AG had revenues of 847 million euro in 2009 and has
more than 5,700 employees serving 10,000 enterprise and public
institution customers across 70 countries. Our comprehensive
software and services solutions allow companies to continuously
achieve their business results faster. The company is headquartered
in Germany and listed on the Frankfurt Stock Exchange (TecDAX, ISIN
DE 0003304002 / SOW).
Software AG - Get There Faster
Detailed press information about Software AG including a picture
and multimedia database are available under:
www.softwareag.com/us/press
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