Business software giant SAP posts 2007 profit of 1.94 bln euros
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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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SAP said its revenue and profits were held back by the decline of the U.S. dollar during the third quarter.
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Services and software companies IBM  and SAP , longtime technology partners, will bring out their first joint software product in the fourth quarter of this year, the two companies said on Monday.
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Beating analysts&#39; expectations and citing strong performance worldwide, SAP released preliminary fourth-quarter financial results on Monday, showing revenue will be about &#8364;3.25 billion ($4.8 billion), a rise of 10 percent compared to the same period last year.
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San Francisco, December 7: Oracle Corp on Monday said it believes its business software applications, an area that has lagged the rest of the company, are gaining ground against market leader SAP AG of Germany.
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Global food giant Nestle announced a 14.0-percent rise in 2006 net profit to 5.7 billion euros on Thursday and said prospects for 2007 looked good as it moved further into the health and well-being markets.
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Shares in SAP, the world&#039;s leading maker of business software, have plummeted after the group said its software licence sales fell well short of expectations in the second quarter.
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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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THE REGION Sapient Corp. , a Cambridge business and technology services consultancy, said it swung to a first-quarter profit, topping Wall Street expectations. Net income for the quarter ended March 31 was $775,000, or a penny per share, compared with a loss of $1.4 million, or a penny per share, for the year-earlier quarter. Excluding certain expenses, earnings for the ...
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SAP reported a 10 percent rise in revenue for the fourth quarter, but earnings fell 6 percent compared to a year earlier, dragged down in part by the cost of&#160;launching Business ByDesign, a new offering for the mid-market, the company said Wednesday.Revenue for the fourth quarter totalled &#8364;3.24 billion ($4.77 billion as of Dec. 31, the last day of the period reported), up 10 percent from &#8364;2.95 billion a year earlier, but net income fell 6 percent to &#8364;756 million.Software and related services revenue grew at 13 percent year on year, while consulting activities, representing around a fifth of SAP&#39;s revenue, remained stagnant.For the full year, revenue rose to &#8364;10.25 billion, up 9 percent from &#8364;9.39 billion, while net income rose to &#8364;1.92 billion, up 3 percent from &#8364;1.87 billion.The results do not include any revenue gains from&#160;SAP&#39;s $6.8 billion acquisition of&#160;business intelligence software vendor Business Objects, which the companies only completed on Jan. 16, 2008, although they do include &#8364;61 million in acquisition-related costs.SAP&#39;s operating margin for the year fell from 27.4 percent in 2006 to 26.7 percent in 2007, but if the effects of exchange rate fluctuations and the company&#39;s investment in Business ByDesign were excluded, the operating margin would have risen to 28.2 percent, Chief Financial Officer Werner Brandt said in a conference call.Developing Business ByDesign cost the company &#8364;125 million in 2007, &#8364;40 million of it in the fourth quarter, and the company expects to spend at least a further &#8364;175 million in 2008. An additional &#8364;50 million of expenditure will fall in late 2008 or early 2009.Sales and related services for subscription-based products like the new ByDesign contributed just &#8364;53 million in the fourth quarter, up 47 percent year on year.Looking ahead, CEO Henning Kagermann expects mid-market products like ByDesign to boost growth in 2008, he said during the conference call.Another growth driver will be SAP&#39;s acquisition of Business Objects, which will help the company increase its penetration of the business user sector, Kagermann said.SAP expects full-year revenue from software and software-related services to grow at between 24 percent and 27 percent. Excluding the contribution of Business Objects, SAP&#39;s existing activities will contribute between 12 and 14 percentage points, the company said.
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SAP reported a 10 percent rise in revenue for the fourth quarter, but earnings fell 6 percent compared to a year earlier, dragged down in part by the cost of&#160;launching Business ByDesign, a new offering for the mid-market, the company said Wednesday.
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General Motors Corp. reported a net profit on Wednesday of $950 million for the fourth quarter of 2006 due to cost cuts, higher automotive revenues and a gain on the sale of its finance division
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InfoWorld - German software maker SAP said a stronger euro significantly slowed the growth of its revenue and profits during the third quarter.
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BERLIN -- SAP AG, the German business management software maker, reported a 15 percent jump in third-quarter net profit Thursday, citing increased sales across the globe.
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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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Services and software companies IBM   and SAP , longtime technology partners, will  bring out their first joint software product in the fourth  quarter of this year, the two companies said on Monday.
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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.