Software AG recently reported financial results for the second quarter and first 6 months of 2020, ended June 30th2020.

Revenue for the quarter was EUR 204.6 million, registering a decrease of 3% from EUR 210 million the same period last year. Gross profit dropped by 5% to EUR 153.1 million and net income shrank by 35% year over year from EUR 33.4 million, reaching EUR 21.7 million.

For the first 6 months of 2020 we register the following results: Revenue remains flat compared to the same period of 2019 at a total of EUR 411.6 million, gross profit drops by 3% to EUR 304.8 million while net income also has a 34% decrease equaling EUR 41.9 million.

By segments, revenues from Licenses went down by 11% to EUR 44.4 million, those from Maintenance remained flat at EUR 107 million, SaaS/Usage based equaled EUR 7.3 million with a 36% growth, Services dropped by 2%, totaling EUR 45.6 million and Other decreased by 53% to EUR 70 thousand.

For H1 Licenses totaled EUR 91 million dropping by 2% compared to H1 2019, Maintenance remained flat at EUR 214.5 million, SaaS/Usage Based grew by 39% to EUR 14.2 million, Services shrank by 2% to EUR 91.6 million while Others dropped as well 35% to EUR 209 thousand.