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Beta Systems Software AG

EANS-News: Beta Systems Software AG
Beta Systems reports a stable first half-year 2009

Berlin (euro adhoc) -

•	Revenues and profit growth in the infrastructure business
•	Greater volatility discernable in the solutions business 
•	Positive profit contribution by the newly acquired companies
  Corporate news transmitted by euro adhoc. The issuer/originator is solely
  responsible for the content of this announcement.
companies
Berlin, July 30, 2009 - In the first half of
2009, Beta Systems Software AG (BSS, ISIN DE0005224406) raised 
revenues and profit considerably in its sustainedly strong 
Infrastructure Division (Data Center Infrastructure (DCI) and 
Identity Management (IdM) LoBs (line of business)). By contrast, the 
solutions for banks and insurance companies business (Enterprise 
Content Management (ECM) LoB) was exposed to greater volatility 
during the period under review which led to orders being postponed to
the second half of 2009. In addition, a multi-year major order, not 
repeated in the current period under review, was carried out in the 
first half of 2008. At the end of the first six months of 2009, the 
total revenues of Beta Systems therefore came to EUR 40.8 million 
(Q1-Q2/2008: EUR 42.5 million) and consolidated earnings before 
interest and tax (EBIT) stood at EUR -0.9 million (Q1-Q2/2008: EUR 
0.6 million).
All three divisions were profitable in the first half year of 2009 as
compared with the previous year´s period. The highly profitable 
Infrastructure Division with the DCI LoB made a decisive contribution
to the consolidated result by lifting revenues 17.3% to EUR 20.0 
million (Q1-Q2/2008: EUR 17.0 million) and improving profit by 15.9% 
to EUR 8.5 million (Q1-Q2/2008: EUR 7.4 million). The IdM segment 
also raised revenues on the back of larger new contracts to EUR 5.2 
million (Q1-Q2/2008: EUR 4.3 million) and profit climbed to EUR 0.2 
million (Q1-Q2/2008: EUR 0.0 million). This positive development is 
also confirmation of the acquisition strategy of Beta Systems, as SI 
Software Innovation GmbH, a company taken over in 2008 which focuses 
mainly on mid-sized customers, and the DETEC Group, effectively taken
over in 2009, both made considerable contributions to revenues and 
profit in the first half of 2009. Moreover, maintenance revenues grew
through the technology transfer carried out with the US company 
Proginet in 2008. In the solutions for banks and insurance companies 
business (ECM LoB) the sales successes of the year-earlier quarter 
were not repeated due to orders being postponed and longer purchase 
decision cycles. Accordingly, revenues posted EUR 15.7 million and 
profit had fallen to EUR 0.6 million at the end of the first six 
months of 2009 (Q1-Q2/2008: EUR 21.2 million and EUR 4.1 million 
respectively). Active cost management, however, serves to cushion the
decline in profit.
At the current point in time as well, guidance for revenues and 
profit can only be provided with the requisite reservation and 
caution given the general economic conditions and the specific risks 
in the financial sector. Due to the seasonal nature typical to the 
software business, Beta Systems always generates its highest revenues
and profit in the fourth quarter of the financial year. With this in 
mind and based on the Company's stable market position, also 
strengthened in the wake of additions to the holdings portfolio, 
Management anticipates that raising revenues and profit should be 
possible in the current fiscal year as well.
Statement by the Management Board "The sustained, strong demand for 
infrastructure software despite the persistently tense situation in 
the global IT market is clearly reflected in the revenue and profit 
growth of the DCI and IdM LoBs. We have created a considerably 
broader-based product range for our customers by adding to our 
portfolio. Moreover, this enables us to develop new customer segments
such as, for instance, mid-sized customers, using the products of SI 
Software GmbH", declared Gernot Sagl, Board Member of Beta Systems 
Software AG, and added: "On the other hand, the reluctance to invest 
triggered by the global financial crisis, above all in the case of 
major international banks, filtered through in the form of orders 
being postponed in the first half of 2009, with the result that the 
exceptionally high license revenues generated in the previous year´s 
quarter were not repeated."
Other Key Financial Data for Q1-Q2/2009 at a Glance: - Maintenance 
revenues advance by EUR 4.2% to EUR 20.5 million (Q1-Q2/2008: EUR 
19.7 million) - Software license revenues decline from EUR 12.8 
million to EUR 11.8 million - Service revenues post EUR 6.6 million 
(Q1-Q2/2008: EUR 6.9 million) - Scanner hardware revenues fall to EUR
2.0 million, as budgeted (Q1-Q2/2008: EUR 3.2 million) - Earnings 
before interest, tax, depreciation and amortization (EBITDA) post EUR
0.9 million (Q1-Q2/2008: EUR 2.6 million) - The result for the period
(after tax) comes to EUR -0.7 million and EUR -0.06 per share 
(Q1-Q2/2008: EUR 0.3 million and EUR 0.03 per share)
Other Key Financial Data for Q2/2009 at a Glance: - Maintenance 
revenues climb by EUR 9.2% to EUR 10.5 million  (Q2/2008: EUR 9.6 
million) - Software license revenues decline to EUR 5.9 million 
(Q2/2008: EUR 7.7 million) - Service revenues post EUR 2.8 million 
(Q2/2008: EUR 3.9 million) - Scanner hardware revenues remain 
unchanged at EUR 1.3 million (Q2/2008: EUR 1.3 million) - Total 
revenues come to EUR 20.5 million (Q2/2008: EUR 22.5 million) - EBIT 
stands at EUR -0.9 million (Q2/2008: EUR 1.2 million) - The result 
for the period (after tax) comes to EUR -0.6 million and EUR -0.05 
per share (Q2/2008: EUR 0.9 million and EUR 0.07 per share)
The full Half-yearly Financial Report 2009 will be released on August
4, 2009 and posted on the company's website at 
http://www.betasystems.com under the heading Investor 
Relations/Financial Reports. All amounts cited in this press release 
and information derived therefrom (e.g. percentage figures) are 
figures fully rounded up to thousands of euros as presented in the 
Interim Consolidated Financial Statements as at June 30, 2009.
End of the press release
Beta Systems Software AG - Agility Integrated Beta Systems Software 
AG, Berlin (Prime Standard: BSS, ISIN DE0005224406) develops 
high-profile software products and solutions for the automated 
processing of large volumes of data and documents. These products and
solutions serve to optimize processes and enhance the security and 
agility of IT. They guarantee compliance with business requirements 
relating to governance, risk management and compliance (GRC) and 
raise the performance of a company's IT in respect of availability, 
scalability and flexibility.
Beta Systems´ IT infrastructure software (Infrastructure & Operations
Management) is geared towards optimizing job and output management in
data centers across all sectors. In addition, Beta Systems offers 
products for automating IT user administration in companies with high
numbers of users. In its ECM solutions business (ECM & Document 
Solutions) Beta Systems develops customized solutions for large 
enterprises in the financial services sector, industry and trading to
facilitate payments, the processing of incoming post, and general 
document management.
Beta Systems was founded in 1983 and has been a listed company since 
1997. It has a workforce of more than 600 employees. The company´s 
principal place of business is Berlin. Beta Systems operates through 
Centers of Competence in Augsburg, Cologne and Calgary, as well as 19
subsidiaries worldwide and cooperations with numerous partner 
companies. More than 1,400 customers throughout the world use the 
products and solutions of Beta Systems in more than 3,300 running 
installations. Beta Systems generates 50 percent of its sales from 
its international business. Around 200 of its customers are based in 
the USA and Canada.
More information on the Company and its products can be found under
www.betasystems.com.
end of announcement                               euro adhoc

Further inquiry note:

PR contacts:
Company contact:
Beta Systems Software AG
Stefanie Frey
Investor Relations
Tel.: +49 (0)30 726 118-171
Fax: +49 (0)30 726 118-800
e-mail: stefanie.frey@betasystems.com

Agency contact:
HBI PR&MarCom GmbH
Alexandra Osmani,
Alexandra Janetzko
Tel.: +49 (0)89 99 38 87-37/-32
Fax: +49 (0)89 930 24 45
e-mail: alexandra_osmani@hbi.de
e-mail: alexandra_janetzko@hbi.de

Branche: Software
ISIN: DE0005224406
WKN: 522440
Index: CDAX, Prime All Share, Technologie All Share
Börsen: Frankfurt / regulated dealing/prime standard
Berlin / free trade
Hamburg / free trade
Stuttgart / free trade
Düsseldorf / free trade

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