SAP beats estimates, but shares fall
PrintStrong growth
Posted in Applications, 11th January 2006 17:11 GMT
Free whitepaper – Systems management simplified
Stronger than expected sales of software licenses by SAP weren't rewarded by the market today. SAP will show a rise in revenue to €2.75bn for the fourth quarter according to company guidance, of which $1.18bn is from software sales.
Sales of licenses grew by 18 per cent, higher than the 12 to 14 per cent target. But its stock price fell by almost three per cent in the largest fall for a year.
Analysts blamed the company's decision to invest in new staff, rather than reward the shareholders.
SAP reports its full figures for the quarter on 25 January.®
Analyst Keynote: The Register Agile Data Center Summit
What Exchange can't do - and Dell can
Enabling The Agile Data Center
Analyst Keynote: The Register Agile Data Center Summit
Sun's surviving staff hit with 'motivation' missive
Ubuntu's Karmic Koala bares fangs at Windows 7
Change your views: OS X tags exploited
Sun preps cell-phone Java plan for netbooks