SAP Financial Results

SAP announced their financial results this morning.

Key items are:

  • Total sales rose to 3.49 billion euros from 3.24 billion euros
  • Fourth-quarter net income climbed to 850 million euros from 756 million euros
  • License revenue fell to 1.32 billion euros from 1.42 billion euros a year earlier
  • Revenue from software and related services increased to 2.67 billion euros from 2.47 billion euros
  • Won’t forecast 2009 software and software-related revenue due to “the continued uncertainty surrounding the economic and business environment.”
  • Reducing workforce by 3,000 to 48,500 staff

Further details can be found by reading the following links:

http://www.sap.com/about/investor/financialnews/press.epx?pressid=10799

http://www.bloomberg.com/apps/news?pid=20601087&sid=a8wr_nTu6B80&refer=home

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