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Google Earth presents historical photos

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Shock exit for SAP chief Apotheker

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Melting Arctic could cost global economy over $2.4tn

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SAP chief executive resigns

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SAP revenue down 10 per cent, but profit up

Business software vendor SAP released financial results for its second

quarter today showing a 10 per cent drop in revenue year-on-year, to $2.58bn

(£1.58bn) from 2008's $2.86bn (£1.75bn).

But SAP's net income of $423m (£258m) showed an increase of four per cent

from last year's $408m (£249m), demonstrating the German firm implementing

significant cost controls.

SAP chief financial officer Werner Brandt said company is dealing with the

challenging economic conditions.

"Strong cost discipline has proven itself once again, enabling us to report

another quarter of strong operating margin growth," he said.

SAP chief executive Léo Apotheker said: “While the operating environment

remains difficult, we are beginning to have improved visibility into the second

half of the year.”

Although software sales crashed 40 per cent in the quarter, the figures were

bolstered by a 20 per cent increase in support revenue.

SAP's chief rival in business software, Oracle, recorded a seven per cent net

income drop, and a five per cent revenue drop in its recent fourth quarter

financial results.

Software giant Microsoft recently reported a revenue fall of 17 per cent with

profit down nearly a third.

Taken from here

Categories
Software
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Nuance Paperport 12

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