Feeds

SAP spins out optimistic outlook as Q2 sales fall 10%

Eyeballs tasty operating margin, glosses over revs fall

Secure remote control for conventional and virtual desktops

German business management software maker SAP saw its second quarter total revenues drop 10 per cent compared to the same period a year earlier.

SAP reported total sales for the Q2 period ended 30 June of €2.58bn, compared to €2.86bn for the same quarter a year earlier.

Despite that decline, the company raised the outlook for its 2009 operating margin.

SAP expects its full year operating margin, excluding one-off items, to hit between the 25.5 per cent and 27.0 per cent mark at constant currencies. It will include the one-time job cut charges of €200m that were announced last year.

The software vendor had previously predicted an operating margin of 24.5 per cent to 25.5 per cent for 2009.

But SAP added that software and software-related revs at the firm were likely to fall by up to six per cent.

It saw net income of €423m, up four per cent on its 2008 Q2 results.

“While the operating environment remains difficult, we are beginning to have improved visibility into the second half of the year,” said SAP boss Léo Apotheker.

“Our robust business model provides us the ability to continue to innovate, which we believe is the foundation for future growth. I am excited about the new products that we are delivering to our customers, solutions that provide them more transparency and clarity into their businesses, which are especially crucial in times like these.”

SAP didn't provide an outlook for sales and profit for the year. ®

Secure remote control for conventional and virtual desktops

More from The Register

next story
MI6 oversight report on Lee Rigby murder: US web giants offer 'safe haven for TERRORISM'
PM urged to 'prioritise issue' after Facebook hindsight find
BIG FAT Lies: Porky Pies about obesity
What really shortens lives? Reading this sort of crap in the papers
Assange™ slumps back on Ecuador's sofa after detention appeal binned
Swedish court rules there's 'great risk' WikiLeaker will dodge prosecution
You think the CLOUD's insecure? It's BETTER than UK.GOV's DATA CENTRES
We don't even know where some of them ARE – Maude
prev story

Whitepapers

Why and how to choose the right cloud vendor
The benefits of cloud-based storage in your processes. Eliminate onsite, disk-based backup and archiving in favor of cloud-based data protection.
Forging a new future with identity relationship management
Learn about ForgeRock's next generation IRM platform and how it is designed to empower CEOS's and enterprises to engage with consumers.
10 ways wire data helps conquer IT complexity
IT teams can automatically detect problems across the IT environment, spot data theft, select unique pieces of transaction payloads to send to a data source, and more.
5 critical considerations for enterprise cloud backup
Key considerations when evaluating cloud backup solutions to ensure adequate protection security and availability of enterprise data.
High Performance for All
While HPC is not new, it has traditionally been seen as a specialist area – is it now geared up to meet more mainstream requirements?