Organic Digital Business bookings grew 11 percent in the third quarter and 11 percent in the first nine months.
Organic Digital Business ARR growth accelerated to 12 percent, supported by the Group’s new business growth, showing an increasingly visible and predictable revenue stream.
Transformation underpins product revenue resiliency in sixth consecutive quarter of organic Digital Business product revenue growth: +3 percent in the third quarter and +6 percent in the first nine months.
Consistent operating profit performance with an organic operating margin (EBITA, non-IFRS) of 16.6 percent in the third quarter and 20.4 percent in the first nine months.
Full year 2022 guidance reconfirmed with all guidance metrics remaining as announced on July 14, 2022.
Land and expand progressing well with 93 new logos in the third quarter, up 41 percent year on year and taking the nine-month total to 219.
Capturing significant opportunity in IoT & Analytics market with strong double-digit bookings growth driven by product innovation powering new logos and expansions.
StreamSets continuing to deliver strong double-digit growth and competitive advantage. First product synergy deal with webMethods closed during the quarter.
Continued strategic shift in Professional Services through expanded partnership with Persistent, which will sub-contract all North American Digital Business implementation work. Transformative step led to a one-off non-cash goodwill impairment of €25.3 million.
Sale of shareholding in non-core FACT, a niche regulatory software product that had been operating as a standalone business since its acquisition by the Group, bringing even more focus to Software AG and leading to a one-off capital gain of €11.9 million in the quarter.