Germany's SAP Says Software Sales Rise
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Business software giant SAP AG said Tuesday its software sales rose by 8 percent in the fourth quarter, but flat revenues in its main European region disappointed investors, who pushed down the company's shares 4 percent.
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SAP, the world's leading supplier of business software, said it was raising its full-year target for earnings per share on the back of a strong performance in the fourth quarter.
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Industrial output in Germany rose by 1.9 percent in January, after edging up by 0.1 percent the previous month, data published by the German Economy and Technology Ministry showed on Thursday.
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German business software giant SAP  is starting to see the silver lining in a potential linkup between rivals Oracle  and PeopleSoft , the German Sunday newspaper Welt am Sonntag reported.
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Business software company Siebel  Systems Inc. SEBL.O on Wednesday said it expects  fourth-quarter sales and profit to beat analysts' estimates,  boosted by higher-than-expected licensing revenue.
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Net income rose to 291 million euros ($366 million), or 94 cents a share, from 252 million euros, or 81 cents, a year earlier, Walldorf, Germany-based SAP said in a statement.
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The large maker of business software applications said its third-quarter profit rose 10 percent on an increase in license sales.
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InfoWorld - SAP reported an&#160;8 percent jump in its second-quarter net income on Thursday, helped by a sharp increase in revenue from new software licenses.
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InfoWorld - SAP has christened its&#160;suite of hosted ERP software&#160;for the midmarket SAP Business ByDesign and said it will be available initially in the U.S. and Germany, with the U.K., France and China to follow soon after.
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The world's leading provider of business software, SAP, said Wednesday it expected sustained growth this year following a 3.0-percent rise in net profit in 2007.
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Retail sales in Germany rose in June, largely as a result of the positive effects on consumer spending of the World Cup soccer championships, data showed.
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The world-leading business software group, Germany&#39;s SAP, on Tuesday rejected accusations by its US rival Oracle that it had stolen software, but admitted &quot;some inappropriate downloads.&quot;
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World Cup visitors help German hotels and caterers see a rise in sales over the summer.
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German business software vendor SAP AG is rolling out a new version of its SAP Business One software with several functions designed for small and medium-size manufacturers.
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(InfoWorld) - SAP AG has brought in outside talent Uwe Herold as its chief information officer (CIO), filling a post vacant since the previous incumbent left the company earlier this year. The business applications vendor confirmed Thursday that Herold joins SAP Oct. 1. He will also hold a position on the company's board of directors in the area of human resources, processes and production and report to Claus Heinrich, one of SAP's executive board members. SAP operates a two-tier board system with a board of directors and an executive board. Herold will be based at SAP's headquarters in Walldorf, Germany. Most recently CIO at German automotive supplier Brose Fahrzeugteile GmbH & Co., Herold has 15 years of experience in business process engineering and IT management. While at Brose, he worked on SAP implementations and so can also bring an SAP user perspective to his new employer. Before joining Brose in 1999, Herold headed up process engineering and organizational development efforts at fluid technology company Hydac Filtertechnik GmbH. "Like any other enterprise that places value on developing and harnessing internal talent, SAP always considers internal applicants for vacant roles," an SAP spokeswoman in Germany wrote in response to an e-mail for comment on why the company chose an outsider as the CIO. "At the same time, it is also important for us to bring in fresh ideas and different expertise from time to time. In this case, Herold was the ideal candidate for this role and we are confident that with his wealth of experience he will be an asset to SAP." Herold replaces Carol Wilson who left the company after three years in the job earlier this year. Wilson joined Tata Consultancy Services Ltd. in April as its implementation director charged with the development and delivery of the Indian outsourcing and consulting firm's IT services in Europe, the Middle East and Africa.
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By Tony Glover, The Business, London  Sep. 17--German-based business software giant SAP is about to face fierce  competition from aggressive Indian software developer Tally.
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Siebel Systems, the world's largest customer-management software maker, Wednesday forecast stronger-than-expected fourth-quarter results, including its first year-over-year jump in quarterly sales in 3 1/2 years.