Germany's second-biggest software company, Software AG, stuck to its full-year revenue and margin forecasts on Wednesday despite more difficult market conditions.

The company posted a 7.2 percent rise in second-quarter licence revenue to 61.4 million euros ($97.8 million), in line with the average forecast of analysts in a Reuters poll.

Consolidated revenue rose 11 percent to 168.8 million euros during the quarter, with earnings before interest and tax (EBIT) also growing by 11 percent to almost 41 euros, just ahead of the poll forecast of 39 million.

The EBIT margin increased slightly to 24.3 percent from 24.1 percent in the year-earlier period, Software AG added.

"Reconfirmation of guidance should help to strengthen investor's confidence in the business model," DZ Bank analyst Oliver Finger wrote in a note to investors. Software AG had "quite a solid set of numbers in that difficult environment".

Source:Reuters