Friday, February 02, 2007
Software maker SAP's 4th-quarter profit rises, but outlook depresses shares - International Herald Tribune
Software maker SAP's 4th-quarter profit rises, but outlook depresses shares - International Herald Tribune: "But markets and analysts were focused on software sales, which are a key benchmark for companies like SAP and rival Oracle Corp., which use them to generate revenue from maintenance and consulting.
Software sales rose 7 percent to €1.26 billion (US$1.64 billion). While they increased 13 percent in Europe and the Middle East, they were static in the Americas and rose by only 2 percent in the Asia-Pacific region.
For the full year, SAP said software sales increased 10 percent to €3.07 billion (US$3.99 billion). The company already had warned on Jan. 11 that software sales would come in around that level, missing previous guidance of 15 percent to 17 percent growth.
SAP said it cut €30 million (US$39 million) from its third-quarter software revenue sales after it amended a contract with a U.S. customer, which it did not identify."
Software sales rose 7 percent to €1.26 billion (US$1.64 billion). While they increased 13 percent in Europe and the Middle East, they were static in the Americas and rose by only 2 percent in the Asia-Pacific region.
For the full year, SAP said software sales increased 10 percent to €3.07 billion (US$3.99 billion). The company already had warned on Jan. 11 that software sales would come in around that level, missing previous guidance of 15 percent to 17 percent growth.
SAP said it cut €30 million (US$39 million) from its third-quarter software revenue sales after it amended a contract with a U.S. customer, which it did not identify."
