Software AG, after an initial consolidation of the financial results for the third quarter 2011, expects license growth in business process excellence (BPE) of 37% (at constant currency) to €42-million (previous year €31,4-million).
Growth in the product business (license and maintenance) was 21%, at constant currency rates, amounting to €84-million (previous year €72,1-million).
This growth demonstrates the strong dynamism of the market for process optimisation, with both products and services meeting strong demand. This demand was evident in many countries. The largest increases in sales were reported in North America, Germany, Australia and South Africa.
Software AG experienced an earnings turnaround in the IDS Scheer Consulting division. Product revenue and earnings growth were confirmed.