BREAKING NEWS

Software AG Confirms Outlook after stronger third-quarter

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BERLIN (Reuters) – German business software firm Software AG <SOWGn.DE> on Tuesday reported a 5% increase in third-quarter revenue at constant currency driven by strong growth in its Adabas & Natural database line, and confirmed its 2019 guidance.

Operating profit in Germany’s oldest listed tech company rose 8% in the third quarter, prompted by 15% increase in its A&N business, it said, adding that its Digital Business Platform line had recovered after the company restructured its sales team in North America.

(Reporting by Riham Alkousaa; Editing by Douglas Busvine)

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