Software AG : Small warning...likely to raise doubts on the other elements of the guidance
>Lacklustre preliminary results for Q2. Weak performance for DBP - This morning, Software AG published lacklustre Q2 results: i/ organic growth for DBP bookings of just +7% y-o-y vs c.+19% organic anticipated by the consensus (ODDO BHF: +24%); ii/ A&N bookings down 63% y-o-y, below the guidance (consensus and ODDO BHF: -48%; iii/ revenue of € 226.9m (incl. StreamSets), -1% below the consensus forecast (€ 228m); iv/ EBITA (incl. StreamSets) of €49.4m, 30% below the con...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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