Interim Report January - March 2019 - Seite 2

In the first quarter, we were also able to complete the acquisition of a business unit from Atos Convergence Creators, as we announced late last year. This operation was integrated as a new business unit in the quarter, focusing on policy management, authentication and access management within Enea's organization, and we've added new sales and development offices in Austria, Germany and Croatia. This new acquisition offers Enea new potential to address fourth and fifth-gene­ration mobile core networks. These operations were consolidated into Enea's accounts effective March of the past quarter, and are already ma­king a positive contribution to our EPS.  

Our global software business grew very robustly overall in the first quarter of the year, increasing by 75 percent year over year. Sales in the segment we designate Network Solutions, which will also include the recently acquired operation, grew by a total of 95 percent overall on the corresponding quarter of the previous year. Our Operating Sys­tem Solutions business also grew by 15 percent on the corresponding quarter of the previous year. In this latter case, growth was driven by the above conciliation settlement. It bears repeating that we should be aware that our traditional business on Key Accounts is contracting with more widespread use of open source. This underlying trend is un­changed. 

The first quarter of the year is usually eventful, and the past quarter was no exception. The Mobile World Congress was held in Barcelona at the end of February, and as usual, was the largest convention for the whole industry we operate in. As previously, Enea was an exhibitor, with a larger stand and greater presence than ever before. This year, we were able to present the 'new' Enea including Openwave Mobility, and our recently acquired business unit in policy and access management also participated under Enea's banner and branding. We also started the year by announcing some of the largest single deals we have made for some time, including major new deals in traffic management and the DPI segment. We also received several new awards in this latter segment, with our new Qosmos Probe product winning the gold med­al in ISPG's Excellence Awards, and Cyber Defense magazine's InfoSec Awards, as winner of the Most Innovative Product in the cyber forensics category, as well as winner of Most Cutting Edge Product in the threat hunting category. We are continuing our work on developing our posi­tioning in cyber security, and in the past quarter, also participated as an exhibitor at RSA—the largest conference and trade fair in the security segment.