Report
Ahmed Ouni

Software AG : Solid FY2018 results; new FY2019 segment guidance in line; project HELIX the catalyst for DBP to weigh on the bottom line in 2019-2020e

>Weaker than expected DBP offset by surprisingly strong AN - SOW’s reported its full-year 2018 results on 31 January. The figures were solid but not stellar due to sluggish DBP, which is still not living up to its real potential. Nevertheless, we believe 2019 will bring the catalysts DBP needs for its long-desired acceleration in revenue growth. In this respect, new CEO Sanjay Brahmawar has already reshuffled management, for the better in our view. We think Mr Brahma...
Underlying
Software AG

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.

Provider
Oddo BHF
Oddo BHF

​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.

Analysts
Ahmed Ouni

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