Software AG Increases Revenue and Earnings Per ShareForecast for 2007 Following the Acquisition of webMethods
June 01 2007 - 5:46AM
PR Newswire (US)
DARMSTADT, Germany, June 1 /PRNewswire-FirstCall/ -- Software AG
(TecDAX, ISIN DE 0003304002 / SOW), today announced that it has
successfully completed its tender offer for webMethods, Inc.
(NASDAQ:WEBM). The subsequent offering period for the offer expired
at 12:00 midnight, New York City time, on Thursday May 31, 2007.
Software AG also announced that it expects the closing of the
second and final step of its acquisition of webMethods will occur
later today. After the closing, webMethods will be a wholly-owned
indirect subsidiary of Software AG. As a consequence of the fast
closing of the acquisition the fast acquisition of the entire
company the Executive Board has revised the forecast for the
financial year 2007. The new guidance now envisions an increase in
revenue (net of currency effects) of 30 to 35% (previously 14%) and
earnings per share between EUR 3.10 and 3.25 (previously between
EUR 3.00 and 3.20). Despite the acquisition related cost the
company expects to achieve an EBIT margin of 22% (previously 24%).
International Conference Call/Webcast Information (in englischer
Sprache) There will be an analyst and investor conference call
conducted by both management teams to discuss today at 15:00 a.m.
CEST/ 9 a.m. EDT. This call is open to journalists. To participate
in the conference call, US callers can dial +1(888) 457-4228 877,
callers from Great Britain dial +44(800) 358-0886 and for caller
from Germany please dial +49(800) 101-2072. A live web cast of the
conference call will also be available at
http://www.softwareag.com/ for those unable to attend the live
session. DATASOURCE: Software AG CONTACT: Otmar F. Winzig, Vice
President, Investor Relations, +49-(0)-6151-92-1699, or Fax
+49-(0)-6151-92-1191, or Norbert Eder, Vice President, Corporation
Communications, +49-(0)-6151-92-1146, or Fax +49-(0)-6151-92-1444,
both of Software AG, Web site: http://www.softwareag.com/
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