Software AG : Q1 2019 results supported by surprisingly strong A&N license execution; 2019 guidance for A&N raised; DBP deal pipeline indicates strong H2 2019
>Slippage of US deals at DBP due to salesforce rearrangement in Q1 - Software AG (SOW) pre-released its Q1 2019 results. Group revenue came in at € 201.4m, up 6% y-o-y at constant currency (cc), thus beating our estimate of € 193.4m and the consensus of € 196.9m. The better-than-expected sales performance was mainly attributable to a surprising increase in Adabas&Natural (A&N) license sales (up 102% y-o-y cc). The anticipated S&M and R&D cost build-up was mainly linke...Software is a holdinc company. Co. is engaged as a provider of process and integration software. Co.'s operates through three reporting lines: business process management or Business Process Excellence (BPE), data management or Enterprise Transaction Systems (ETS) and Consulting. The BPE segment consists of software products for integrated solutions in the field of Business Process Management for organizations of all industries and sizes. The ETS segment is engaged in providing database solutions for mainframes and the development of mainframe-based IT systems. The Consulting segment includes all consulting and services pertaining to the BPE, ETS and IDS Scheer Consulting business lines.
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
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