DARMSTADT-EBERSTADT (dpa-AFX) - German business software firm Software AG (STWRY.PK) reported Thursday that its second-quarter net income 14.2 million euros, down from 28.8 million euros a year ago.
Earnings per share were 0.18 euros, compared to last year's 0.34 euros.
The company said the reported EBIT was impacted by one-off effects from the deconsolidation of the SAP consulting business of 25 million euros, lower than last year's 44.4 million euros.
Total revenue declined to 196 million euros from 237.7 million euros a year ago.
Looking ahead for the full year 2014, the company now expects BPE revenues to remain approximately at the previous year's level. Revenue forecast in the traditional database business ETS remains unchanged at a reduction of 16 percent to 9 percent. The company expects an adjusted operating margin of 26-28 percent for the full year, compared to previous year's 26.8 percent.
Copyright RTT News/dpa-AFX