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SAP cuts 2009 better than expected

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WALLDORF (Dow Jones) – Software group SAP has evolved Last year more than the company itself defeated last expected had. Group as the DAX from Walldorf on Thursday announced, fell the software and software-related service revenues on Non-GAAP basis and wechselkursbereingt the full year by about 5% to about 8.2 billion EUR, while the operating margin reached on this basis, approximately 27.5%.
SAP had been modified in the software and software – Service revenues – that is essentially the license and maintenance revenues — over the previous year a decrease of 6% to 8% and operating margin one Decrease of 25.5% to 27% in prospect.
The group has suffered since the collapse of Lehman Brothers in September 2008 under the withholding of investment companies and had prescribed for himself a strict austerity measures to the slump counteract. As part of the SAP has in the past year, several thousand Jobs were eliminated, which has a negative impact on the profit margin. In Recorded the final quarter of SAP AG in accordance with U.S. GAAP, sales of 3.18 (Previous year: 3.49) billion, while software and software – Service revenue increased by around 4% to around EUR 2.56 billion decreased. Dow Jones Analysts surveyed had an average value of 3.1 billion, or EUR 2.45 billion EUR expected.
The outlook for 2009 was based on at Constant currencies adjusted non-GAAP numbers. These include certain Sales of the purchased company Business Objects, SAP, according to U.S. GAAP may not show up in full. In addition, they are adjusted for acquisition-related charges. In 2008, the Group achieved on this basis a operating margin of 28.4%.

   

Website: www.sap.com

-By Philip Grontzki, Dow Jones Newswires, +49 (0) 69 - 29725 107;
philipp.grontzki @ dowjones.com
DJG / phg / brb 


(END) Dow Jones Newswires

January 14, 2010 08:18 ET (13:18 GMT)

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