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View aerial images of European cities bombed during WWII Google Earth has made historical aerial images available that show the devastation of European Cities caused by bombing raids during World War II....Read more |
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After two-year tenure, CEO's contract not renewed as vendor returns to joint leadership model SAP chief executive Léo Apotheker has departed the firm after "a mutual agreement" with the vendor's Supervisory Board not to extend his contract....Read more |
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Report predicts warming effects of melting sea ice and rising methane emissions will accelerate climate change impact The melting of ice in the Arctic could result in economic costs of between $2.4 trillion (£1.54tn) and $24 trillion by 2050, according Read more |
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Software giant will be led by two top board executives SAP chief executive officer Leo Apotheker resigned over the weekend by “mutual consent” after a 20-year career at the software firm....Read more |
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Ingram Micro will be among those to join Bell and C2k as it works towards new status Microsoft has announced plans to broaden its distribution line-up with the launch of its Value Added Distributor (VAD) Programme. The programme is open to distributors wRead more |
SAP revenue down 10 per cent, but profit up
Business software vendor SAP released financial results for its secondquarter 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.
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It's not up there with the Pixar classics, but the anarchic sense of humour of this computer-animated film from Sony Pictures puts it a cut above most Computer animated films have tended, over the last decade, to fall into one of two groups: truly exceRead more |
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