Software AG Reports Unaudited Earnings Results for the Fourth Quarter and Full Year of 2016; Provides Earnings Guidance for the Year 2017
For the full year, the company reported total revenue group of EUR 871.8 million compared to EUR 873.1 million a year ago. EBIT was EUR 213.9 million compared to EUR 209.4 million a year ago. Operating earnings were EUR 272.0 million compared to EUR 259.1 million a year ago. EPS was EUR 2.37 compared to EUR 2.22 a year ago. Net income was EUR 140.4 million compared to EUR 139.6 million a year ago. Free cash flow was EUR 187.0 million compared to EUR 170.0 million a year ago.
The company provided earnings guidance for the year 2017. For the year, the company expected adjusted increase in DBP revenue of between 5% and 10% in 2017. Operating margin is expected to be in the range of 30.5% to 31.5%.