Last €3.00 EUR
Change Today 0.00 / 0.00%
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UP2 On Other Exchanges
Symbol
Exchange
Xetra
As of 4:48 AM 11/28/14 All times are local (Market data is delayed by at least 15 minutes).

update software ag (UP2) Snapshot

Open
€2.98
Previous Close
€3.00
Day High
€3.10
Day Low
€2.98
52 Week High
05/27/14 - €3.65
52 Week Low
10/13/14 - €2.40
Market Cap
34.7M
Average Volume 10 Days
2.5K
EPS TTM
€-0.04
Shares Outstanding
11.6M
EX-Date
06/24/13
P/E TM
--
Dividend
--
Dividend Yield
--
Current Stock Chart for UPDATE SOFTWARE AG (UP2)

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update software ag (UP2) Details

update software AG, together with its subsidiaries, is engaged in the development and implementation of customer relationship management (CRM) software solutions in Austria, Germany, Switzerland, Central and Eastern Europe, and rest of the world. The company’s solutions enable enterprises to acquire, manage, and attend to customers, partners, and other business relationships. It offers software as a service or inhouse solution; and update.CRM, a Web-based CRM application that provides standard industry solution in the areas of construction/construction supply industries, manufacturing and mechanical engineering industries, pharmaceutical and medical technology, consumer goods, financial services, and other sectors. The company also provides products and CRM tools for mobile CRM, social CRM, integration into existing system environments, and administration and analysis functionalities. The company was formerly known as Update Marketing Service AG and changed its name to update software AG in May 2002. update software AG was founded in 1988 and is headquartered in Vienna, Austria. As of July 31, 2014, Update Software AG operates as a subsidiary of Aurea Software FZ-LLC.

305 Employees
Last Reported Date: 11/14/14
Founded in 1988

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Executives, Board Directors

update software ag (UP2) Key Developments

Update Software AG Reports Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended September 30, 2014; Revised Earnings Guidance for the Full Year of 2014

Update Software AG reported unaudited consolidated earnings results for the third quarter and nine months ended September 30, 2014. For the quarter, the company reported total sales revenue of EUR 8.493 million compared to EUR 7.846 million a year ago. Operating income was EUR 0.410 million compared to operating loss of EUR 0.455 million a year ago. Earnings before taxes were EUR 0.365 million compared to loss before taxes of EUR 0.463 million a year ago. Earnings after taxes were EUR 0.195 million compared to loss after taxes of EUR 0.536 million a year ago. Comprehensive income was EUR 0.201 million or EUR 0.0172 per basic and diluted share compared to comprehensive loss of EUR 0.491 million or EUR 0.05 per basic and diluted share a year ago. Net cash used in operating activities was EUR 2.621 million compared to EUR 1.351 million a year ago. Investments for intangible assets were EUR 5,000 compared to EUR 81,000 a year ago. Investments in property, plant and equipment were EUR 42,000 compared to EUR 9,000 a year ago. For the nine months, the company reported total sales revenue of EUR 26.018 million compared to EUR 23.917 million a year ago. Operating income was EUR 0.759 million compared to operating loss of EUR 2.131 million a year ago. Earnings before taxes were EUR 0.697 million compared to loss before taxes of EUR 2.065 million a year ago. Earnings after taxes were EUR 0.608 million compared to loss after taxes of EUR 2.051 million a year ago. Comprehensive income was EUR 0.621 million or EUR 0.0540 per basic and diluted share compared to comprehensive loss of EUR 2.125 million or EUR 0.18 per basic and diluted share a year ago. Net cash flow from operating activities was EUR 2.374 million compared to EUR 1.850 million a year ago. Investments for intangible assets were EUR 19,000 compared to EUR 169,000 a year ago. Investments in property, plant and equipment were EUR 124,000 compared to EUR 404,000 a year ago. The company expects a negative EBIT margin for 2014 in the range of 20% to 25%. This estimate supersedes the originally EBIT margin guidance set at 1% to 3%, which was already reduced to 3% to 4 % as a consequence of the agreements reached with the three departed Management Board members.

Update Software AG Announces Management Changes

Update Software AG announced the resignation of Thomas Deutschmann as CEO, Uwe Reumuth as CFO and Arno Huber as CTO. The supervisory board was keen to find replacements for the top management level with experience of update. For this reason, the decision to nominate two former vice presidents of the company was made. The new team now consisting of Todd Brooks, Mirjam Riesemann and Christian Stadlmann, combines long-term experience at update and in the CRM sector with the strategic expertise required to continue the success of the company. Todd Brooks as CEO has been a member of the update software AG executive board since September 2014. Todd has many years of management experience in the software sector and previously worked for two consulting companies. Over the past two years, Miriam Riesemann (CMO) succeeded in completely reforming the company's image and marketing strategy, increasing the number of prospects and CRM projects significantly. Christian Stadlmann (CSO) already has several years of experience in the software industry and has been at update for almost ten years. As Sales VP, he played an important role in the successful transformation to a hybrid provider and the increasing revenues.

Update Software AG Announces the Management Changes

Update Software AG announced the management changes. The company announced that three out of four members of the management will leave and will be replaced by two managers. Todd Brooks, since the beginning of September COO of the company, will become the new CEO.

 

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