Software AG: Overall Results Match Market Expectations
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Promissory Note Placement
In July of this year, Software AG successfully placed a promissory note
loan worth a total value of €300 million. Due to high investor demand,
the transaction was clearly oversubscribed and its original volume
totaling €150 million was increased to €300 million. This outcome
confirms the confidence promissory note investors have in Software AG's
As of June 30, 2013, Software AG had 5,375 (Dec. 2012: 5,419) employees,
1,229 (Dec. 2012: 1,131) of them in sales and marketing and 941 (Dec.
2012: 887) in research and development. Employees in Germany numbered
1,777 (Dec. 2012: 1,768).
Outlook for 2013
Software AG confirms its outlook for the full year, which was announced
on January 29, 2013 when the annual figures for 2012 were released.
Accordingly, the company is anticipating growth of 16 to 22 percent in
BPE revenue for fiscal year 2013 (at constant currency). Revenue in the
traditional ETS database business will likely fall by four to nine
percent (at constant currency). Taking into account the additional
investments for the expansion of sales and marketing, earnings per share
this year will amount to €1.70 to €1.80. Given the increasingly
difficult market environment influencing the entire software industry
and possible postponement of large-volume license agreements, as seen in
the second quarter, Software AG points out that the results at the end
of the year could be at the low end of the given ranges.