Software AG (SOWG.DE)
FRANKFURT/CAPE TOWN Software AG is launching an internal investigation after a media report alleged it had paid kickbacks as part of a wide-ranging South African scandal in which fellow German software maker SAP has also been caught up.
FRANKFURT/CAPE TOWN, July 25 Software AG is launching an internal investigation after a media report alleged it had paid kickbacks as part of a wide-ranging South African scandal in which fellow German software maker SAP has also been caught up.
FRANKFURT, July 25 Software AG said on Tuesday it is mounting an internal probe after a media report alleged it had paid kickbacks as part of a wide-ranging South Africa government bribery scheme that has also ensnared fellow German software maker SAP.
* Sales see-saw, settle around flat (Releads on digital business licences, adds shares, analyst comment)
* CCO says had execution issues in UK in H1, digital licence sales fell 48 percent
* Shares indicated to open 2.8 percent higher after it hiked full-year profit guidance Further company coverage:
FRANKFURT, July 18 Software AG hiked its full-year profit guidance as it reported second-quarter results that exceeded expectations thanks to demand for maintenance services at its digital business.
FRANKFURT, May 17 The DAX top-30 index looked set to open 0.5 percent lower on Wednesday, according to premarket data from brokerage Lang & Schwarz at 0651 GMT.
* Decided to change this share buy-back program by terminating it with effect of end of trading on Xetra on May 11, 2017
FRANKFURT, April 21 Germany's Software AG reported a smaller-than-expected decline in quarterly core profit and affirmed its guidance for the full year.