German software maker Software AG will celebrate returning to profit in 1997 by launching a series of major new products and services in 1998.
In an attempt to achieve its 1998 goal of growing at least as fast as the industry average, Software will launch at least two new e-commerce products. A web-based business application will be launched at CeBit ?98 in Hanover, that will offer a language environment specifically designed for building electric commerce applications.
And as an extension of its database product line, Software plans to launch a new enterprise server for multimedia data which are "especially required for electronic commerce applications".
The Darmstadt-based company announced a preliminary pre-tax profit of DM 50 million ($27.8 million), following a loss of DM 43 million in 1996 and DM 60 million in 1995. Turnover in 1997 was DM 725 million, representing growth of around 14 per cent.
Growth stemmed primarily from licences of its flagship database and application development tools, ADABAS and NATURAL, which contributed to around 80 per cent of license revenues, the company said.
The company embarked on a cost cutting programme in 1997 that saw the work force shrink by 19 per cent. It said it plans to increase the existing staff of 2,063 by around 6 per cent in 1998.
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