Financial news

DGAP-Adhoc: SOFTWARE AG PUBLISHES PRELIMINARY Q1 FINANCIAL RESULTS AND RAISES 2018 OUTLOOK FOR ITS IOT & CLOUD BUSINESS (english)

13/04/2018 - 23:04


SOFTWARE AG PUBLISHES PRELIMINARY Q1 FINANCIAL RESULTS AND RAISES 2018 OUTLOOK FOR ITS IOT & CLOUD BUSINESS

^
DGAP-Ad-hoc: Software AG / Key word(s): Change in Forecast
SOFTWARE AG PUBLISHES PRELIMINARY Q1 FINANCIAL RESULTS AND RAISES 2018
OUTLOOK FOR ITS IOT & CLOUD BUSINESS

13-Apr-2018 / 23:04 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the Regulation
(EU) No 596/2014, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

---------------------------------------------------------------------------

Ad hoc Disclosure (Inside Information according to article 17 MAR)

SOFTWARE AG PUBLISHES PRELIMINARY Q1 FINANCIAL RESULTS AND RAISES 2018
OUTLOOK FOR ITS IOT & CLOUD BUSINESS

- IoT & Cloud revenue in Q1 2018 up by +124.6% at constant currency (stated
+115.0%) compared to Q1 2017

- 2018 outlook for IoT & Cloud revenue raised from 70 to 100% growth (EUR
25-30 million) to 100 to 135% growth (EUR 30-35 million)

- DBP product revenue (excluding IoT & Cloud) in Q1 2018 down by -5.4
percent at constant currency (stated -13.1%) compared to Q1 2017

- 2018 revenue outlook for Digital Business Platform, A&N, operating margin
(non-IFRS) and EPS (non-IFRS) outlook confirmed

The Management Board of Software AG (TecDAX, ISIN DE000A2GS401, WKN A2GS40 /
SOW) today pre-announced its financial figures (IFRS, preliminary) for the
first quarter of 2018. According to the results the IoT & Cloud revenue in
Q1 2018 increased by +124.6% at constant currency (stated +115.0%) from
EUR3.0 million to EUR6.4 million compared to the previous year. The DBP
product revenue (excluding IoT & Cloud) decreased by -5.4% at constant
currency (stated -13.1%) from EUR102.9 million to EUR89.4 million in the
first quarter 2018.

Based on the current business development and the expected project pipeline
by the end of 2018, the Management Board has raised its 2018 outlook for its
IoT & Cloud business from 70 to 100% growth (EUR 25-30 million) to 100 to
135% growth (EUR 30-35 million). The Company confirmed its 2018 outlook,
published on 25 January 2018, for DBP, A&N, operating margin (non-IFRS) and
EPS (non-IFRS).

Darmstadt, April 13, 2018

Software AG

The Management Board




Person making the notification:
Frederic Freichel
Junior Manager Investor Relations

Email: frederic.freichel@softwareag.com
Tel: +49 6151 92 1106


---------------------------------------------------------------------------

13-Apr-2018 CET/CEST The DGAP Distribution Services include Regulatory
Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de

---------------------------------------------------------------------------

   Language:    English
   Company:     Software AG
                Uhlandstraße 12
                64297 Darmstadt
                Germany
   Phone:       +49 (0)6151 92-1900
   Fax:         +49 (0)6151 92-34 1899
   E-mail:      Investor.Relations@softwareag.com
   Internet:    www.softwareag.com
   ISIN:        DE000A2GS401
   WKN:         A2GS40
   Indices:     TecDAX
   Listed:      Regulated Market in Frankfurt (Prime Standard); Regulated
                Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover,
                Munich, Stuttgart, Tradegate Exchange



   End of Announcement    DGAP News Service
---------------------------------------------------------------------------

674589 13-Apr-2018 CET/CEST

°

Weiterführende Inhalte

Weiterführende Inhalte