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4-Traders Homepage  >  Equities  >  Xetra  >  Software    SOW   DE0003304002

SOFTWARE (SOW)
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Software : Expands North America Leadership Team to Support Increasing Demand for Digital Transformation Solutions

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08/10/2017 | 12:24pm CEST

-Software AG (Frankfurt TecDAX: SOW) today announced the appointments of Doug Palmer and Joe Yurich to division vice presidents in North America.

Palmer and Yurichs appointments come at a time when digital transformation is top of mind for most enterprises as a way to improve their competitiveness and profitability. Software AG has earned a reputation across North America for delivering best-in-class enterprise software products, solutions and services. Many top companies, from manufacturing and retail, to insurance and banking, use our software, bundled in our Digital Business Platform, to manage mission-critical business applications for their transformation to digital enterprises, said Kevin Niblock, president and COO Software AG North America. I am delighted to have Joe Yurich and Doug Palmer on the Software AG executive leadership team.

In their new roles, they are responsible for driving US-wide adoption of the companys market-leading Digital Business Platform. Palmer will lead the companys sales efforts in the Financial Services, Northeast, Mid-Atlantic and Southeast regions of North America, while Yurich will lead the sales efforts in Central, South and West regions of North America. Both Palmer and Yurich have extensive leadership experience in the North America technology industry.

Palmer has more than 17 years of enterprise software experience. Prior to joining Software AG, he was a regional vice president at Oracle, where he led the Southeast regional team responsible for selling Oracle middleware technologies. Over the course of his career, he has worked in various sales and management roles at other leading software companies, including TIBCO, PTC and Vitria.

Yurichs appointment comes as a promotion. Yurich joined Software AG as a Sales Account Executive and has continually advanced within the company, most recently serving as Regional Vice President. Before joining Software AG, Yurich was a sales leader at TIBCO.

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Financials (€)
Sales 2017 897 M
EBIT 2017 262 M
Net income 2017 155 M
Finance 2017 123 M
Yield 2017 1,71%
P/E ratio 2017 18,22
P/E ratio 2018 16,46
EV / Sales 2017 3,02x
EV / Sales 2018 2,78x
Capitalization 2 829 M
Chart SOFTWARE
Duration : Period :
Software Technical Analysis Chart | SOW | DE0003304002 | 4-Traders
Technical analysis trends SOFTWARE
Short TermMid-TermLong Term
TrendsNeutralNeutralNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 21
Average target price 38,1 €
Spread / Average Target 2,8%
EPS Revisions
Managers
NameTitle
Karl-Heinz Streibich Chief Executive Officer
Andreas Bereczky Chairman-Supervisory Board
Arnd Zinnhardt Chief Financial Officer
Wolfram Jost Chief Technology Officer
Stefan Sigg Chief Research & Development Officer
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