Software AG : Q1 2021 results beat estimates but thanks to a major anticipated A&N deal. 2022 guidance reiterated
>Q1 results far above estimates but cannot be extrapolated - Software AG reported on Tuesday morning Q1 2022 results above market forecasts. Bookings came as a positive surprise with a strong ramp-up in Q1 due mainly to the database business, Adabas & Natural (A&N). The company signed a major contract in Q1 which was originally planned for Q2, leading to an additional € 7-8m in bookings compared to initial estimates in our view. This prompted an increase of 43% cc y-o...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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