Software AG : Q3 results above expectations driven by A&N and cost savings
>Adj. EBITA 96% above our expectations - Q3 Digital Business ARR came in at € 545.1m (+6% y-o-y and +11% y-o-y cc) in line with our estimates of € 545.0m. A&N ARR came in at € 195.9m (+6% y-o-y and 14% y-o-y cc), which is 2.6% above our expectations of € 191.0m. Group revenue increased by 3% y-o-y (+10% cc) to € 228.7m, which is 4.6% above our estimates of € 218.6m. Group revenue growth was driven by better-than-anticipated license sales in the A&N segment, which inc...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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