Bryan Garnier - Software AG (SOW) SOFTWARE AG: Prelim. Q1 2019 results exceed expectations, AN sales guidance raised | BUY | EUR42

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Bryan Garnier

Gregory Ramirez

SOFTWARE AG: Prelim. Q1 2019 results exceed expectations, A&N sales guidance raised | BUY | EUR42

SOFTWARE AG - BUY | EUR42
Prelim. Q1 2019 results exceed expectations, A&N sales guidance raised

Q1 2019 was above expectations, but still reflects a mixed picture
Stellar performance on A&N, deal slippages on DBP
FY19 guidance on A&N is raised

12/04/2019 3 EN

Underlying

Software AG

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Provider

Bryan Garnier

Since 1996, Bryan, Garnier & Co has been growing with an absolute conviction that the investment banking landscape would experience a major revolution: most of the large local generalist banking groups will disappear to the benefit of a handful of global powerhouses, and an emerging group of independent, highly specialised boutique investment banks.

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Analysts

Gregory Ramirez

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Bryan Garnier

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SOFTWARE AG: Prelim. Q1 2019 results exceed expectations, A&N sales guidance raised | BUY | EUR42

SOFTWARE AG: The impact of the move to subscriptions to revenues is not yet stabilised | SELL | EUR33 vs. EUR36

SOFTWARE AG: Bookings exceed expectations but revenues are affected by transformation | SELL | EUR36

SOFTWARE SaaS: the virtuous circle of subscriptions

Ebusco: The expert e-bus platform

Nikola Corp: The dual e-trucking arm

Electrifying the future of on-road HDVs

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