Digital Business bookings organic growth of 7 percent and 27 percent including StreamSets in the second quarter and 11 percent and 22 percent in the first half respectively.
Digital Business ARR grew 11 percent organic supported by the Group’s new business growth. Including StreamSets, Digital Business ARR grew 19 percent.
Digital Business organic product revenue strength continues with second quarter growth of 8 percent and first half growth of 9 percent.
StreamSets saw strong growth of more than 50 percent in the second quarter.
Robust organic operating margin (EBITA, non-IFRS) performance at 24.6 percent in the second quarter and 22.3 percent in the first half.
Management Board expansion with industry leader Joshua Husk appointed CRO to strengthen sales execution. Dr. Benno Quade appointed COO to drive operational excellence. Both will join Software AG’s Management Board effective August 1, 2022.
Digital Business bookings guidance for full year 2022 revised to 12 to 18 percent growth.
All other full year 2022 guidance metrics remain unchanged, as do Software AG’s organic and total Group ambitions for 2023.