Software AG is planning to make acquisitions after postingstrong figures for its fourth quarter.
The German business intelligence specialist saw revenuesincrease by 14% year on year to 212.4m Euros and an operating profit rise of28.3% to 564.9m Euros.
In a statement, Karl-Heinz Streibich, CEO of Software AG,said that it had benefitted from the demand that customers continued to havefor products that made their operations more efficient.
“That is one advantage of enterprise software: customers arewilling to make investments when the benefits of IT projects to theirbusinesses are clear,” he said.
In reports the CEO indicated that the strong bank balancewould enable further acquisitions building on the success of its last majorpurchase webMethods, sealed in May 2007.
“The sustained strong performance of cash flow isparticularly encouraging, as this supports our strategic business developmentby providing liquidity,” said Streibich.
He added that the year ahead was difficult to forecastbecause of market turbulence but it expected to keep on track.