Friday, January 12, 2007
Bloomberg.com: Worldwide
Bloomberg.com: Worldwide: "Software license revenue, an indicator of future maintenance and consulting fees, increased to 1.26 billion euros ($1.6 billion) from 1.18 billion euros a year earlier, Walldorf, Germany-based SAP said in a statement today, citing preliminary numbers. Analysts predicted sales of 1.35 billion euros, according to 13 estimates in a Bloomberg survey.
Software sales trailed estimates for the second time in four quarters, underscoring Chief Executive Officer Henning Kagermann's struggle to keep up growth rates as SAP introduces a new generation of software to make tasks such as payroll easier. Revenue was also hurt by a stronger euro, which reduces the value of revenue generated in the U.S., SAP's single biggest market."
Software sales trailed estimates for the second time in four quarters, underscoring Chief Executive Officer Henning Kagermann's struggle to keep up growth rates as SAP introduces a new generation of software to make tasks such as payroll easier. Revenue was also hurt by a stronger euro, which reduces the value of revenue generated in the U.S., SAP's single biggest market."
