Software AG : Q4 results below our expectations on the bottom line
>Digital Business performed better than expected while A&N fell below expectations - This morning, Software AG released its Q4 2023 and full year results. Software AG reported € 312.6m in group revenue for Q4 (-2.0% y-o-y), above our expectations of € 299.6m. The major driver of revenue was the digital business which increased by +14% y-o-y to € 203.9m, +4.9% above our expectations of € 194.4m. But A&N saw a decline of -29% y-o-y to € 69.1m, in line with our expectat...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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