Press release -
Software AG Reports 30% Revenue Growth in Asia Driven By Strong Client Wins and Partnerships
SINGAPORE, March 2nd, 2015 – Software AG (Frankfurt TecDAX: SOW) today announced its regional growth figures for Asia Pacific for the fourth quarter of 2014. With Q4 group operating margin (non-IFS) soaring to a five-year high of 36%, the listed software company reported strong results for its global operations. In line with global results, growth trends in Asia Pacific showed consistency and improvement throughout the second half of fiscal 2014 and are expected to further rise in 2015.
The strong year-on-year revenue growth of more than 30% in the fourth quarter within Asia Pacific is mainly attributed to increased sales effectiveness, a focus on the Consulting unit and strong, strategic partnerships throughout the region, with partner contributions accounting for nearly half of license revenue. Currently operating in eight markets across the region (Hong Kong, Indonesia, Korea, Malaysia, the Philippines, Singapore, Taiwan and Vietnam), Korea and Singapore primarily drove Software AG’s regional growth in the region, followed by Hong Kong, Malaysia and Taiwan.
“We are extremely excited about Software AG Asia Pacific’s remarkable growth last year, and receiving positive feedback from our clients throughout the region”,June Lee, VP, Software AG Asia explains. “Establishing committed and positive relationships with our customers to best digitize their business processes will continue to be our main priority.”
In 2014, Software AG clinched new projects, including international and local banking and insurance industry heavyweights Bank Danamon in Indonesia as well as AIA Insurance in Hong Kong. Apart from the large finance sector being one of the most adaptive industries for digital solutions, Software AG is further expanded its services into other growing industries, such as gaming, and in the transportation industry with Hyundai Merchant Marine
Starting fiscal 2015 in an excellent position, Software AG Asia will continue its efforts to increase overall profitability through increasing efficiency in sales and marketing, strengthening its key products webMethods and Apama Streaming Analytics, as well as introducing additional solutions through partners will be one of the main objectives throughout the region.
Software AG considers itself to be very well equipped for future profitable growth. In the fourth quarter of 2014, Software AG launched the first Digital Business Platform. With this platform customers can develop their own applications to accelerate their transformation to a digital enterprise as they have to rapidly adapt to ever changing business environments.
Topics
- PR, Communication
About Software AG
Software AG (Frankfurt TecDAX: SOW) helps organizations achieve their business objectives faster. The company's big data, integration and business process technologies enable customers to drive operational efficiency, modernize their systems and optimize processes for smarter decisions and better service. Building on over 40 years of customer- centric innovation, the company is ranked as a "leader" in fourteen market categories, fueled by core product families Adabas and Natural, ARIS, Terracotta, webMethods, Alfabet and Apama. Software AG has more than 4,400 employees in 70 countries and had revenues of 858 million in 2014.
About Precious Communications
Our focus is on Corporate Communications, Crisis Management, Reputation Management and Social Media. Combining a clear business-oriented approach with a focus on measurable results, our network of experts helps brands tell their story and tie directly into their overall communications objectives.
We are run out of Singapore and serve clients in Asia Pacific and beyond through our strong links to Europe and North America.
