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euro adhoc: Software AG
Quarterly or Semiannual Financial Statements
Software AG expects earnings per share of Euro 0.36 in Q1 2004 (E)

  Disclosure announcement transmitted by euro adhoc.
  The issuer is responsible for the content of this announcement.
Darmstadt, April 21, 2004. Software AG, Darmstadt (SOW), posted
license sales of Euro 23.3 million in the first quarter of the
current fiscal year (Euro 21.9m in Q1 2003). The increase is
attributable to strong growth in licensing of enterprise transaction
products, which rose to Euro 17.8 million (Euro 13.6m in Q1 2003).
Sales of integration products were lower than in the same period of
2003. Maintenance services generated first-quarter revenues of Euro
44.1 million (Euro 47.3m in Q1 2003), matching the figure for 2003
when adjusted for currency translation effects. Revenues from project
services fell in comparison to the corresponding period of 2003,
reaching Euro 28.0 million (Euro 33.6m in Q1 2003). When all other
revenues are included, the Company posted total revenues of Euro 95.7
million in the first quarter of the current fiscal year (Euro 103.1m
in Q1 2003).
For the first time, Software AG is reporting its results in
accordance with IFRS accounting principles. For this reason, key
performance indicators for the previous year have been adjusted to
allow direct comparison, and sometimes differ from the figures first
published in accordance with the German Commercial Code (HGB).
Software AG expects operating earnings before interest and tax (EBIT)
of approximately Euro 15 million for the first quarter. When adjusted
to IFRS, the equivalent figure for the same period of the previous
fiscal was Euro 8 million. Net earnings per share of Euro 0.36 are
projected for the first quarter of 2004, in comparison to a net loss,
attributable to significant restructuring costs, of Euro -0.36
(according to HGB) for the same period of 2003.
Full and finalized figures will be published on April 27, 2004.
end of announcement        euro adhoc 21.04.2004

Further inquiry note:

Otmar F. Winzig
Tel.: +49-6151-92-1669
Investor.relations@softwareag.com

Branche: Software
ISIN: DE0003304002
WKN: 330400
Index: CDAX, HDAX, Midcap Market Index, Prime All Share, Prime Standard, TecDAX, Technologie
All Share
Börsen: Frankfurter Wertpapierbörse / official dealing
Niedersächsische Börse zu Hannover / free trade
Berliner Wertpapierbörse / free trade
Bayerische Börse / free trade
Hamburger Wertpapierbörse / free trade
Bremer Wertpapierbörse (BWB) / free trade
Börse Düsseldorf / free trade
Baden-Württembergische Wertpapierbörse / free trade

Original content of: Software AG, transmitted by news aktuell

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