FRANKFURT: Germany's Software AG reported a fourth-quarter operating profit which was slightly below average expectations.
Germany's second-largest business software maker said fourth-quarter earnings before interest and taxes (EBIT), excluding special items rose 1 percent to 71.4 million euros ($81.19 million).
That was slightly below the average expectation of 72.7 million euros in a Reuters poll, with individual estimates ranging between 70.4 million euros and 74.9 million. Software AG said it expects 2015 EBITA-margin of between 27.5-28.5 percent.
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