Reuters logo
Software AG Q3 profits slip on weak revenue growth
October 20, 2017 / 5:00 AM / a month ago

Software AG Q3 profits slip on weak revenue growth

FRANKFURT, Oct 20 (Reuters) - Software AG reported a decline in third-quarter core profits as its digital, database and consulting divisions all showed lacklustre growth, but affirmed its full-year guidance.

Germany’s No.2 business software maker after SAP said on Friday its adjusted earnings before interest, tax and amortisation (EBITA) fell 5 percent to 63.6 million euros ($75.2 million), just worse than analysts had expected.

Revenues rose 2 percent in constant-currency terms to 197.3 million euros, below the mean forecast of 212 million euros in a Reuters poll of analysts.

Software AG confirmed its full-year guidance for core operating margins of 31 to 32 percent that it had raised after its second-quarter results.

$1 = 0.8460 euros Reporting by Douglas Busvine; Editing by Maria Sheahan

Our Standards:The Thomson Reuters Trust Principles.
0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below