Software AG recently reported financial results for the first quarter of 2020, ended March 31st2020

Revenue for the quarter was EUR 207 million, registering an increase of 3% from EUR 201.4 million the same period last year. Gross profit remained flat at EUR 152 million and net income shrank by 32% year over year from EUR 29.7 million, reaching EUR 20.2 million.

By segments, revenues from Licenses went up by 10% to EUR 46.7 million, those from Maintenance remained flat at EUR 107.3 million, SaaS/Usage based equaled EUR 6.9 million with a 42% growth, Services dropped by 2%, totaling EUR 46 million and Other decreased by 20% to EUR 138 thousand.