Software AG (SOW) will report licence revenue of approximately EUR29 million for the second quarter 2004, (EUR24 million in Q2 2003), according to the first consolidation of the quarter's financial figures.
The increase of more than 20%, compared to the same quarter in 2003, was due to strong growth in Enterprise Transaction Systems licence revenue. The company expects total revenue of approximately EUR106 million for the quarter (EUR103.1 million in Q2 2003).
As a result of the revenue increase and the successful cost reduction programme, Software AG expects an operating result (EBIT) of approximately EUR24 million for the second quarter. This equals an increase of close to 40% compared to the corresponding result for 2003 (EUR17.4 million according to International Financial Reporting Standards). In addition, Software AG realised EUR24.5 million through the sale of its stake in SAP SI.
Full and finalised figures will be published on 29 July 2004.
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