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ATOSS QUARTERLY STATEMENT ATOSS Software AG : Successful first quarter with significant progress in cloud transformation Following on from an outstanding 2020 financial year , ATOSS Software AG has kicked off the new year very successfully , maintaining its growth trajectory in the first quarter of 2021 in terms of both sales and earnings . Overall , sales in the first three months jumped 16 percent to EUR 23.0 million ( previous year : EUR 19.8 million ) . With an EBIT margin of 27 percent ( previous year : 26 percent ) , operating earnings grew over proportionately by 21 percent , reaching EUR 6.2 million ( previous year : EUR 5.1 million ) . The strong growth exhibited by the cloud business is particularly impressive , and this will continue to be the defining factor in driving growth in annually recurring revenues . In view of this exceedingly successful start to the year and the consistent stability of the business model , the Management Board is confident of posting new records on an annual basis and achieving the targets set for 2021 as a whole . Munich , 26 April 2021 The strong demand for workforce management solutions from the Munich - based software specialist continues unabated in the new financial year . In the first quarter of 2021 , ATOSS once again succeeded in convincing numerous new , prestigious customers of its state - of - the - art software solutions , thereby further expanding its leading position in the market for professional workforce management . Against the backdrop of demographic changes and the acute digitalization backlog in many companies , there is no end to the demand in sight . Overall , sales of software in the period from January to March 2021 saw a most significant rise of 30 percent , jumping to EUR 15.4 million ( previous year : EUR 11.8 million ) . This equates to a 67 percent share of the Group's total sales ( previous year : 60 percent ) . Special mention must be made of the successful expansion of sales from cloud and subscriptions , which posted a sustainable increase of 53 percent to EUR 4.1 million ( previous year : EUR 2.7 million ) . Likewise , growth in software maintenance - which has been consistently positive for years - continued in the first quarter . Sales here were up by 7 percent to EUR 6.9 million ( previous year : EUR 6.4 million ) . Thanks to the successful conclusion of major projects , software licensing revenues amounting to EUR 4.4 million ( previous year : EUR 2.7 million ) were also generated in the first quarter . Overall , the proportion of recurring revenues to total sales revenues - and thereby the motor driving the ATOSS business model - continued to rise as planned and now stands at 48 percent ( previous year : 46 percent ) . Sales from consulting services posted moderate growth of 2 percent , reaching EUR 6.3 million ( previous year : EUR 6.2 million ) , starting from a figure for the previous year which was already on a very high level . The consistently strong demand for software - based solutions for personnel management and cost optimization from ATOSS Software AG , is particularly reflected in the excellent quarterly order book figures . Annual Recurring Revenue ( ARR for short ) which has again posted a double - digit increase of 67 percent to around EUR 16.4 million ( prior year : EUR 9.8 million ) deserves to take a special bow here . Furthermore , the share of orders received in the cloud & subscriptions business measured against total software orders received rose sharply to 74 percent . By comparison , the share of cloud orders in the 2020 financial year was at 42 percent . ATOSS is thus continuing to drive the cloud transformation of its business model . ATOSS Software AG Page | 1