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Software AG Aims for Germanys’ DAX Index; Stock Surges
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Software AG shares surged the most since 2009 after profit rose 35 percent and Germany’s second-biggest maker of business software said it aims to grow large enough to join the country’s DAX benchmark index.
Net income climbed to 64.7 million euros ($88.5 million) in the fourth quarter from 48.1 million euros a year earlier, the Darmstadt-based company said in a statement today. Analysts had estimated profit of 57.8 million euros in a Bloomberg survey. The stock rose as much as 10.6 percent in Frankfurt trading.