SOFTWARE AG: Transformation continued in Q2 2020 in an uncertain backdrop | SELL | EUR29(-24%)
SOFTWARE AG - SELL | EUR29(-24%)Transformation continued in Q2 2020 in an uncertain backdrop
Bookings solid in Q2, revenues burdened by transformation
As pretty much usual, Adabas & Natural saved the quarter
H1 bookings were encouraging, but risks of slowdown persist
Transformation to subscriptions is still in progress
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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