Software AG : Software AG issues unexpectedly low margin guidance of 16-18% - Target price lowered to € 24
>Full year guidance reached with stronger than expected A&N business - Software AG reported its Q4 and FY 2022 numbers last week, reaching its full-year 2022 top and bottom-line guidance but disappointing on its 2023 guidance. Digital bookings grew +12% y-o-y to € 478.9m in FY 2022 and A&N bookings increased by +23% y-o-y to € 144.5m for the full year, benefiting from the early closure of a large deal. This brings group bookings to € 623.4m, an increase of +15% y-o-y...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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