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  • Friday, April 26, 2024

Software AG Reports Profit Increase For Q2


Software AG has reported a 5% increase in net profits for the second quarter of this year and $176.4 million in revenues. The announcement comes after Software AG’s recent acquisition of IDS Scheer. Product revenue, which includes license and maintenance,  increased by 9%, compared with a 7% decrease from its service business. Software AG has already acquired 10% of IDS Scheer on the open market.

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