SINGAPORE, 29 JANUARY 2009 – Beating the bleak financial scenario, Software AG posted good growth in the fiscal year 2008.
According to the software firm, group revenue rose by 16 per cent to €720.6 million, compared to €621.3 million in 2007. The company’s product revenue increased by 19 per cent to €539.1 million, compared to €454.2 million in 2007.
The firm reported that its operating earnings grew by 32 per cent to €180.5 million, against €136.8 million in 2007.
“Software AG’s successful entry into the Brazilian market, the smooth integration of webMethods and continued organic growth in the new webMethods division contributed to the good performance in fiscal 2008,” said a company representative.
Software AG in Asia Pacific
In the Asia Pacific region including Japan, the company once again achieved strong results, with license revenue up, in local currency, by 18 per cent and professional services revenue increased by 39 per cent, on a year-on-year basis.
According to the software firm, the company’s two business lines also performed above expectations with both the Enterprise Transaction Systems and the webMethods product lines returning double digit growth, compared to the same period last year. In 2008, Software AG’s total revenue in the Asia Pacific region including Japan, increased by 22 per cent, versus 2007.
“Our strategic goal in 2008 was to expand our footprints in SOA and BPM, particularly in North Asia where we see a lot of business potential,” said Paul Henaghan, senior vice president—Asia, Software AG. “With the immense interest shown on our solutions and customer success stories, we are extremely excited about our prospects in 2009 and beyond.”
Forecast for 2009 confirmed
The company said that the uncertain global economy makes it difficult for it to predict performance, for which reason their forecast for 2009 is more cautious than in the prior year. “From a current perspective, we anticipate a currency-adjusted increase of 4 to 8 per cent in Group revenue,” said Karl-Heinz Streibich, CEO of Software AG.
