Monday, July 17, 2006
SAP Looks to Offset Poor Q2 Results With Assurances on Its Forecasts - -
SAP Looks to Offset Poor Q2 Results With Assurances on Its Forecasts - -: "A source close to the company said that investors might expect some positive surprises on Thursday when the company will provide more detailed financial information as it officially unveils its results than it did last week when the company made a pre-announcement that licence revenue had grown only E621m (Pounds 435m, $800m) as opposed to industry expectations of E681m.
According to SAP chief executive, Henning Kagermann, the miss is largely a timing issue and the companys order pipeline is strong enough to recoup the licence miss in the forthcoming quarters. A company source reiterated that the underlying market remains strong. "
According to SAP chief executive, Henning Kagermann, the miss is largely a timing issue and the companys order pipeline is strong enough to recoup the licence miss in the forthcoming quarters. A company source reiterated that the underlying market remains strong. "
