In the second quarter it won a significant expansion agreement with one of the world's largest and best-known semiconductor companies.
ARIS FOR BUSINESS PROCESS MODELLING SOFTWARE
In both cases, the Group's process mining and process analysis technology is helping digitize, simplify and improve quality, increasing operational efficiency, accelerating innovation and reducing cost.īeyond Software AG's organic business, StreamSets is also making good early contributions to the Group's sales success. Ltd and a large expansion deal with British Telecom. This tool lets customers use process mining insights to trigger automated actions in their systems, including the ability to trigger invoices at the right time, and define rules that deliver process insights to other applications.ĭuring the second quarter ARIS' ability to help customers mine and model new and more effective processes delivered a strong new logo with Mitsui & Co.
ARIS FOR BUSINESS PROCESS MODELLING FULL
ARIS is rated as a leader by analysts for its full coverage of transformation capabilities, and its new " insight-to-action" feature is resonating strongly with customers. In Business Transformation, the cloud-native ARIS Process Mining portfolio continues to bring new innovation to market which is enabling enterprises to become more sustainable. The Group's success continues to be driven by its key growth product areas, namely Hybrid Integration, IoT and Analytics and Business Transformation. On renewals, the Group continues to progress in line with its expectations. The Digital Business migration multiplier continues to be driven by a combination of new innovation and capacity increases, and is year-to-date tracking in line with our target of 1.5x. After a slightly slower first quarter, this quarterly sequential improvement shows the Group is highly competitive in the marketplace and that its focus on landing new logos for future expansion is proving successful. On new business, the Group saw sequential quarterly improvement in new logos, with 69 delivered in the second quarter and 126 delivered across the first half. All other full-year 2022 guidance metrics remain unchanged, as do Software AG's organic and total Group ambitions for 2023.Īdditional financial information now available including cashflow results and StreamSets purchase price allocation.ĭuring the second quarter Software AG continued to generate positive results from its three key growth drivers: new business, which includes landing new logos and expanding existing customer relationships, migrations, and renewals. Guidance remains as announced on July 15, 2022, with organic Digital Business bookings expectation revised to growth of 12 to 18 percent. Robust organic operating margin (EBITA, non-IFRS) performance at 24.6 percent in the second quarter and 22.3 percent in the first half.
Second quarter organic Software as a Service (SaaS) Digital Business bookings up 26 percent year-on-year, accounting for 24 percent of Digital Business bookings, with ARIS' new cloud features like insight-to-action further driving competitive success. Organic Digital Business ARR growth of 11 percent driven by new business bookings growth which was well into the double-digits.Ħ9 new logos landed in the second quarter, an acceleration on the prior quarter, including high quality enterprise new logo wins with Mitsui and Flow International. Successes include a large seven-figure IoT new logo win with a leading German energy provider. Good progress on the closing of slipped deals at the start of July. Group results include StreamSets.] Additional second quarter and first half highlights
Organic results exclude contributions from StreamSets. Increases at constant currency and rounded. [Unless otherwise stated, all figures are IFRS. This is best reflected in our continued double-digit ARR growth and Digital Business revenue performance, which in combination with our clear focus on tight cost management, simplification and operational excellence, is driving Software AG towards sustainable, profitable growth." Matthias Heiden, Software AG CFO, commented: "Our ability to deliver a strong second half is underpinned by the success of our shift to subscription and SaaS. With Joshua Husk joining as CRO to lead our sales organization and Benno Quade appointed COO to drive end-to-end operational excellence and support continued margin expansion, we are confident we will deliver our second half and our full-year commitments."ĭr. Sanjay Brahmawar, Software AG CEO, commented: "We continue to see good demand for our cloud-native products in the market and our SaaS products are performing strongly despite a changing macroeconomic environment.
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