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Cloud & IoT) grow bookings 31 percent year-on-year, while DBP (Cloud & IoT) achieved bookings growth of 39 percent driven by strong cloud demand.
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On a divisional basis, strong sales execution in the reported quarter saw Digital Business Platform (DBP, excl. Transformation momentum is building, with product innovation, cultural evolution, and subscription progress driving the business towards sustainable, profitable growth. The Group performed well across all geographies including North America, with all business lines demonstrating excellent sales execution.
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Despite COVID-19, Software AG delivered robust performance with growth in all its leading business indicators. Software AG announces Q2 and H1 2020 financial results delivers strong second quarter and accelerated transformation progressĭarmstadt, Germany, J– Software AG (Frankfurt MDAX: SOW) today announces preliminary financial figures (IFRS) for the second quarter and first half of fiscal 2020.
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With clearer visibility into its full year outturn, the Group updates its 2020 guidance with increases for the Digital and A&N business lines. A prudent balance of cost and investment enabled the Group to deliver third-quarter non-IFRS EBITA of €33 million with a non-IFRS EBITA margin of 18 percent. While the Group’s transformation forges ahead, its reported revenue continues to show the temporary impact of the rapid shift towards subscription and Software as a Service (SaaS). The Group’s Adabas & Natural (A&N) business line saw a bookings decline of 26 percent, also slightly ahead of the preliminary range. Within that, the DBP Cloud & IoT business line continued to accelerate, showing bookings growth comfortable ahead of the predicted range at 73 percent. Cloud & IoT) continued its strong trend, with bookings growth of 17 percent at the upper end of the preliminary range indicated in October. Software AG’s Digital Business (Digital Business Platform, DBP, incl. These results confirm the view presented in its preliminary release of October 21, 2020, showing the Group delivered on its transformation for a third consecutive quarter. Software AG increases 2020 bookings guidance following a strong third consecutive quarter of transformation successĭarmstadt, Germany – Software AG (Frankfurt MDAX: SOW) today announces its final financial results for the third quarter of 2020 and increases its guidance for the full year.