UPDATE 2-Software AG's shares down more than 7 pct on margin outlook

UPDATE 2-Software AG’s shares down more than 7 pct on margin outlook

* Margin guidance for 2018 of 30-32 pct seen low – analyst * Company: being cautious due to new IFRS15 accounting rule * Sees IoT/Cloud business growing by 70-100 pct in 2018 * Shares off 6.5 pct (Updates with share price reaction, conference call) FRANKFURT, Jan 25 (Reuters) – Software AG issued a cautious outlook on its profit margins on Thursday, triggering a 7 percent share-price slide even though the German software group also said its industrial internet business could double in size in 2018. Analysts at Baader Helvea said the company’s 2018 core margin guidance of 30-32 percent […]

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