CIMdata PLM Industry Summary Online Archive

9 July 2004

Financial News

SAP to Report 15% Growth in Software Revenues for the Second Quarter

SAP AG announced that after a preliminary review of its 2004 second quarter performance, it expects second quarter software revenues of around €495 million, representing an increase of 15% compared to the second quarter 2003. At constant currencies, second quarter software revenues were up by 17% compared to the second quarter of 2003. Total revenues for the second quarter are expected to be approximately €1.78 billion, representing an increase of 9% compared to the second quarter 2003. On the basis of these figures, SAP expects its operating income for the second quarter to be in the range of €380 - 390 million and its pro forma operating income (excluding stock-based compensation and acquisition-related charges) for the second quarter to be in the range of €420 - 430 million.

Given the series of preannouncements in the industry during the past week, SAP decided to release this preliminary information.

SAP will provide further details of its second quarter 2004 preliminary results on July 22.

 

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