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Invitation Q4/FY 2021 Results Call

Software AG would like to invite you to its conference call regarding the publication of the preliminary Q4/FY 2021 results.

Schedule January 27, 2022
09:30 h CET (08:30 h GMT) Conference Call with 
CEO Sanjay Brahmawar | CFO Dr. Matthias Heiden | CRO Scott Little

To receive your dial-in details, please pre-register by entering your e-mail address at the following link: Registration + Dial-in data Q&A
Questions can only be posed in the dial-in mode. The conference is supported by an operator and will be recorded.

On the day of the event, you can watch the audio/slides webcast (and later the replay) via our website – just follow the link and click on “Webcast” below. The analyst presentation on our preliminary Q4/FY 2021 results as well as additional financial information will be available on the day of the event via this website.

Highlights and Guidance

  • Product revenue grew 10 percent in the Digital Business reflecting the continued impact of our subscription shift. Total product revenue grew 7 percent year-on-year in the third quarter.
  • Lead transformation indicators continued to show strength, with 88 percent of third-quarter Digital Business bookings from subscription and Software as a Service (SaaS), annual recurring revenue (ARR) growing 9 percent year-on-year and recurring revenue reached 94 percent of our product revenue total.
  • Digital Business bookings grew 6 percent in the third quarter, affected by deal timing as new opportunities took longer to mature than expected.
  • Adabas & Natural (A&N) bookings grew 2 percent as customers continued to modernize their A&N landscapes using Software AG’s innovative A&N 2050+ program.
  • Operating margin (EBITA, non-IFRS) of 16.8 percent for the quarter despite ongoing investment into Helix transformation. Operating EBITA (non-IRFS) declined 1 percent year-on-year in the third quarter.
  • Full-year guidance updated: A&N bookings growth expected between -8 percent and -12 percent (previously: -30 to -20 percent). Digital Business bookings growth expected between 13 percent and 17 percent (previously: 15 to 25 percent). Product revenue growth expectation of 0 percent to 5 percent unchanged. Operating profit margin (EBITA, non-IFRS) expected to be between 17 percent and 19 percent (previously: 16 to 18 percent). The Group reiterates its commitment to its 2023 ambitions: €1 billion group revenue, 25 percent to 30 percent operating profit margin (EBITA, non-IFRS), 85 percent to 90 percent recurring product revenue and roughly 15 percent Digital Business CAGR as of 2023.
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