Software AG reported unaudited earnings results for the fourth quarter and full year of 2016. For the quarter, the company reported total revenue group of EUR 263.9 million compared to EUR 257.5 million a year ago. EBIT was EUR 75.1 million compared to EUR 80.1 million a year ago. Operating earnings were EUR 90.2 million compared to EUR 92.2 million a year ago. EPS was EUR 0.66 compared to EUR 0.84 a year ago. Net income was EUR 50.2 million compared to EUR 56.2 million a year ago. Free cash flow was EUR 41.6 million compared to EUR 41.2 million a year ago.

For the full year, the company reported total revenue group of EUR 871.8 million compared to EUR 873.1 million a year ago. EBIT was EUR 213.9 million compared to EUR 209.4 million a year ago. Operating earnings were EUR 272.0 million compared to EUR 259.1 million a year ago. EPS was EUR 2.37 compared to EUR 2.22 a year ago. Net income was EUR 140.4 million compared to EUR 139.6 million a year ago. Free cash flow was EUR 187.0 million compared to EUR 170.0 million a year ago.

The company provided earnings guidance for the year 2017. For the year, the company expected adjusted increase in DBP revenue of between 5% and 10% in 2017. Operating margin is expected to be in the range of 30.5% to 31.5%.