The company reported preliminary first quarter results. Revenues increased 6.2% to €206.2m (at constant currency 9%). Maintenance revenues declined 1% to €98.7m but licence revenues increased 27% to €59.1m. EBIT according to the company definition however jumped 55% to €45.3m. The EBIT margin improved from 15% to 22%. Management confirmed guidance for the current year.
