Stronger euro slows SAP's revenue growth
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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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SAP AG  on Wednesday  introduced a long-delayed line of Web-based business management  software for mid-sized companies, which is at the heart of a  strategy to accelerate the company's sales and compete in the  Internet software arena where smaller rivals are ahead.
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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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Revenue sees its largest growth spurt in four quarters, despite pressure from lower prices and virtualization software.
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The euro fell from record highs against the yen and dollar as European leaders expressed concern their currency s strength will stifle economic growth.
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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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With growth slowing in China, Europe and Japan, some worry that rapidly escalating prices will trigger a self-reinforcing spiral of falling demand.
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Service industries in the 12 nations sharing the euro, such as banking and travel, grew at the slowest pace in 15 months in November, adding to evidence that higher oil prices and the euro s advance to a record ...
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SAP, the world's leading maker of business software, said a strong performance of its European activities helped boost earnings in the third quarter, which came out higher than analysts' expectations.
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Business Objects&#160;reported a 19 percent rise in revenue for the third quarter, driven by services, but earnings were dragged down by a shortfall in license revenue, recent acquisitions and legal costs.
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SAP AG reported an 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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Germany's SAP, the world's largest maker of business-management software, reported Thursday a third-quarter rise in revenue and net income, boosted by strong sales in the Europe, Middle East and Africa (EMEA) region and continued growth in the U.S.
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SAP, a leading maker of business software, says a strong performance of its European activities helped boost earnings in the third quarter, which came out above analysts' expectations.
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Demand for software and IT services will continue to grow steadily in Europe this year, but sluggish performance in the telecommunications sector will dampen the reasons to celebrate, according to a forecast released Thursday ahead of the Cebit trade show.
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(InfoWorld) - As Oracle executives patted themselves on the back for their company's reporting another strong financial quarter, they also couldn't resist having a go at prime applications rival SAP. "Oracle had another very strong quarter," Safra Catz, co-president and chief financial officer at Oracle, said Tuesday during a conference call with analysts to discuss the vendor's fiscal 2007Â first-quarter results. "We had our strongest first-quarter license growth in more than five years by gaining market share," she added. Charles Phillips, co-president of Oracle, said the company had won 88 deals going head-to-head with SAP during the quarter, including customer wins with Electrolux, Lockheed Martin, and U.S. Steel. Some of the business is what he termed "winbacks" of business Oracle had previously lost to SAP, including a strategic win at Wal-Mart Stores. In recent months, the bitterÂ competitive back-and-forthÂ between Oracle and SAP has reached a crescendo. Oracle jumped on SAP's July announcement ofÂ lower than expected salesÂ and cited it as proof that the applications vendor's growth had stalled. SAP retorted that the results were a slight blip and not indicative of a major issue with its performance, which it believes remains strong. Larry Ellison, Oracle's chief executive officer, cites two factors that he believes are working in Oracle's favor over SAP: its Java-based middleware and its aggressive focus on getting industry-specific expertise and products through acquisitions. Ellison claimed that Oracle's Fusion middleware is "years ahead" of SAP's NetWeaver integration platform. "NetWeaver is still relatively new and still incomplete," he said. Oracle's so-called "hot pluggable" or component-based Fusion middleware strategy is paying off, Phillips said. Typically, the company sells one or two of its middleware components into a customer account with the hope that over time that customer will expand their use of Oracle's middleware. Turning to applications, Ellison criticized SAP's recent decision toÂ retain the current versionÂ of its enterprise resource planning (ERP) software, mySAP ERP 2005, through 2010 and provide new functionality through regularly issued optional enhancement packages. "SAP has delayed the next release of its applications until 2010," he said. "They'll be two full years behind our Fusion release." Oracle is working on a new suite of enterprise applications, known as Project Fusion, which is due out in 2008. By contrast, SAP executives have positioned the company's move to a more modular approach to product upgrades as being driven by customers' demands to pick and choose functionality. This quarter will be the last time Oracle provides separate database and middleware growth figures, Catz said. In the first quarter, database revenue grew 10 percent, while middleware rose 56 percent. In future, Oracle will adopt the practice of IBM and Microsoft and not break out those sales, she said. Looking to the second quarter, Catz expects Oracle's net income to grow by between 13 percent and 17 percent as revenue increases by 22 to 24 percent. She forecast earnings per share (EPS) of $0.22. Those predictions don't take into account any specific charges likely to occur in the quarter.ADVERTISEMENTMAKE SOA REAL WITH IBM WEBSPHERE PODCASTStreamline processes and maximize efficiency within a proven service oriented architecture. Take back control of your business processes with IBM WebSphere.
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After a year in which the U.S. dollar fell 5 percent against the euro, the sharply weaker currency isn't expected to rebound soon - and that means it will likely keep eating into European exports, growth and ...
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The economy of the 12 nations sharing the euro grew at the slowest pace in more than a year in the third quarter as record oil prices crimped global demand, prompting the European Commission