Software AG Reports Unaudited Consolidated Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2012; Provides Earnings Guidance for the Fiscal Year 2013
For the year, the company reported total revenue of EUR 1,047.3 million against EUR 1,098.3 million a year ago. EBIT was EUR 248.3 million against EUR 269.2 million a year ago. Net income was EUR 164.7 million or EUR 1.90 per basic share against EUR 177.2 million or EUR 2.05 per basic share a year ago. Free cash flow was EUR 170.7 million or EUR 1.97 per share against EUR 187.7 million or EUR 2.18 per share a year ago. EBITA was EUR 286.4 million against EUR 302.1 million a year ago. EBITDA was EUR 299.3 million against EUR 315.5 million a year ago. Operating cash flow was EUR 184.4 million against EUR 198.6 million a year ago. Profit before taxes was EUR 239.5 million against EUR 259.3 million a year ago.
For fiscal year 2013, the company anticipates BPE product revenue growth between 16% and 22% (at constant currency) and a revenue decline in the traditional ETS database business between 4% and 9% (at constant currency). The company anticipates to achieve product revenue in ETS business between minus 9 and minus 4 at a constant currency rate, and reach an EPS number of EUR 1.70 to EUR 1.80 per share.