Software AG benefits from demand for efficiency aids


Software AG benefits from demand for efficiency aids

Microscope contributor

Software AG is planning to make acquisitions after posting strong figures for its fourth quarter.

The German business intelligence specialist saw revenues increase by 14% year on year to 212.4m Euros and an operating profit rise of 28.3% to 564.9m Euros.

In a statement, Karl-Heinz Streibich, CEO of Software AG,said that it had benefited from the demand that customers continued to have for products that made their operations more efficient.

“That is one advantage of enterprise software: customers are willing to make investments when the benefits of IT projects to their businesses are clear,” he said.

In reports the CEO indicated that the strong bank balance would enable further acquisitions building on the success of its last major purchase webMethods, sealed in May 2007.

“The sustained strong performance of cash flow is particularly encouraging, as this supports our strategic business development by providing liquidity,” said Streibich.

He added that the year ahead was difficult to forecast because of market turbulence but it expected to keep on track.

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