SAP sets back medium-term profitability targets
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SAP, the world's leading maker of business software, may need an extra year to achieve its medium-term profit target of an operating margin of 30 percent, its chief financial officer said.
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There was stellar revenue growth, but margins and stock compensations pulled the bottom line down.
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SAP plans to expand its focus on business intelligence (BI) software over the next year.
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The Coca-Cola Co. is forecasting weakness in its key markets next year and is scaling back its long-term targets for earnings and sales volume growth.
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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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German software giant SAP said Tuesday it is proceeding with plans to invest one billion dollars in India by 2012, where it doubled its corporate customers in just one year.
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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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When Hewlett-Packard Co. (HPQ.N) warned of a profit shortfall last week, it blamed problems it had combining two SAP systems, something that the computer maker believed would be relatively simple when they were putting together a deal to buy Compaq two years ago.
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SAP aims to have 1,000 customers for its hosted midmarket ERP service, Business ByDesign, before the end of the year. It plans to roll out the service in 20 more countries, including India, in that time.&quot;We will go after the biggest markets first,&quot; said deputy CEO Leo Apotheker. &quot;India is a very important market for a product like&#160;Business ByDesign,&quot; he said.The subscription-based ERP (enterprise resource planning) service launched in September, and is now available in the U.S., France, Germany, the U.K., and China.SAP will launch the service in new countries each quarter. The Indian launch will happen in the second quarter, according to an SAP spokesman.&quot;For the year, we would like to reach 1,000 customers,&quot; said Apotheker. &quot;That&#39;s enough to show we are a true player in this business.&quot;Apotheker declined to say how many seats the 1,000-customer target represents, noting only that Business ByDesign is aimed at customers with between 100 and 700 employees. Business ByDesign costs $149 per user per month in the U.S., with a minimum of 25 users.Business ByDesign is not the only SAP product for small and mid-size companies: there are also Business All-in-One or, for companies with fewer than 100 employees, Business One. Both run on the customer&#39;s own servers.In some regions, the notion of an ERP &quot;service&quot; can be a hard sell for cultural reasons. &quot;China is a market where the pure on-demand model is still viewed with conservatism,&quot; Apotheker said.&quot;Many people have been worried about the potential for cannibalism, but that isn&#39;t happening,&quot; said Apotheker.&quot;Business All in One is very strong, and Business One had a very good year. We grew the number of customers significantly. There are no issues with cannibalization.&quot;With that confidence that it won&#39;t eat its own market share, SAP plans to offer Business ByDesign to smaller subsidiaries of existing Business ByDesign customers, Apotheker said.
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(InfoWorld) - SAP reported anÂ 8 percent jump in its second-quarter net income on Thursday, helped by a sharp increase in revenue from new software licenses. Net income for the quarter was â¬449 million ($605 million as of June 30, the last day of the period being reported), up from â¬415 million in the second quarter last year. That was equal to earnings of â¬0.37 per share, up from â¬0.34 per share a year earlier. Revenue from new software licenses climbed 18 percent to â¬715 million, from â¬604 million last year. Total revenue, including maintenance fees, support and other services, climbed 10 percent to â¬2.4 billion, up from â¬2.2 billion in the second quarter of 2006. The results were better than some analysts expected and showed that SAP is continuing to add new customers even while its main rival, Oracle, grows its applications business throughÂ acquisitions. For the comparable period, its financial quarter ending May 31,Â Oracle increased revenueÂ from new applications licenses by 13 percent, to $641 million. In SAP's biggest market -- Europe, the Middle East, and Africa -- total revenue was up by 12 percent, to â¬1.27 billion. Growth in the Americas, dragged down by the strong euro against the U.S. dollar, was just 6 percent, to give revenue of â¬853 million. SAP continues to grow fastest in Asia, where revenue climbed 20 percent to â¬304 million. CEO Henning Kagermann called it "an excellent quarter." SAP will continue to invest heavily in new products for the midmarket, he said in a statement. The company is spending â¬300 million to â¬400 million over two years to develop a new suite of on-demand applications, intended to offset slower growth from large enterprises. The results come as SAP continues toÂ battle Oracle in U.S. courtÂ for alleged corporate theft. Oracle charged that SAP's TomorrowNow subsidiary hacked into Oracle's customer support Web site and downloaded software fixes and support materials for Oracle's PeopleSoft and JD Edwards applications. SAP planned to use the materials to offer cut-rate services to Oracle customers, according to Oracle's lawsuit. In its response last month, SAP admitted that TomorrowNow employees had made someÂ "inappropriate" downloadsÂ of Oracle materials. But it played down the extent of the transgressions and said SAP itself did not have access to the materials. A case management conference is set for September. Â
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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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The past few years have seen companies doing everything they can to reduce costs. From outsourcing and offshoring to RIFs (reductions in force), the byword has been, âCut expenses.â But if most of the economists are right, 2005 will be a much better year, and companies will go back to concentrating on increasing revenue.
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SAP, the world's leading maker of business software, said that bottom-line profits surged 29 percent in the fourth quarter of last year, at the top end of analysts' expectations.
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Soft drink giant Coca-Cola Co. (KO.N: Quote, Profile, Research) , stung by a prolonged downturn in North America and other markets, announced on Thursday that it was lowering key long-term earnings and sales targets.
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Oracle Corp.  posts  quarterly results next week with investors watching for signs  of further strength in its business applications software as it  chases industry leader SAP AG .
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Plus: Matsushita profit up 22 percent...Amazon's profit up, margins squeezed...SAP cautious on 2008...Yahoo profit falls.
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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.