Software AG continues business shift and talks up M&A in Q4 FY2020 results
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Summary:
In a challenging year, FY2020 results show Software AG remains on track with its shift to digital business products and a recurring revenue model
(Software AG FY2020 earnings presentation)
Veteran software tools vendor Software AG reported Q4 FY2020 earnings earlier this week, capping a year that s seen encouraging progress amidst a challenging landscape. The uncertainties of the pandemic have struck midway through a multi-year transformation journey for the company, which also faced a nervous few weeks in the fall in the wake of a malware attack. To its credit, this 51-year-old software company has ended the year with its transformation goals on track, and investors responded positively to the results.