![UPDATE 1-Germany's Software AG confirms outlook as strategy overhaul bears fruit]( "UPDATE 1-Germany's Software AG confirms outlook as strategy overhaul bears fruit")
Germany’s Software AG reported on Tuesday a 5% rise in third-quarter revenue driven by strong growth in its Adabas & Natural (A&N) database line and confirmed its 2019 guidance. Operating profit in the business software firm, Germany’s oldest listed tech company, rose 8% in the third quarter to 59 million euros ($66 million). “We are pointing in the right direction,” said Chief Executive Sanjay Brahmawar, saying a strategy overhaul he launched after starting the job last year was bearing fruit.
