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. ®

Boost IT visibility and business value

More from The Register

next story
Assange™: Hey world, I'M STILL HERE, ignore that Snowden guy
Press conference: ME ME ME ME ME ME ME (cont'd pg 94)
Premier League wants to PURGE ALL FOOTIE GIFs from social media
Not paying Murdoch? You're gonna get a right LEGALLING - thanks to automated software
Caught red-handed: UK cops, PCSOs, specials behaving badly… on social media
No Mr Fuzz, don't ask a crime victim to be your pal on Facebook
Online tat bazaar eBay coughs to YET ANOTHER outage
Web-based flea market struck dumb by size and scale of fail
Amazon takes swipe at PayPal, Square with card reader for mobes
Etailer plans to undercut rivals with low transaction fee offer
Call of Duty daddy considers launching own movie studio
Activision Blizzard might like quality control of a CoD film
US regulators OK sale of IBM's x86 server biz to Lenovo
Now all that remains is for gov't offices to ban the boxes
Ballmer quits Microsoft board to spend more time with his b-balls
From Clippy to Clippers: Hi, I see you're running an NBA team now ...
prev story

Whitepapers

Endpoint data privacy in the cloud is easier than you think
Innovations in encryption and storage resolve issues of data privacy and key requirements for companies to look for in a solution.
Implementing global e-invoicing with guaranteed legal certainty
Explaining the role local tax compliance plays in successful supply chain management and e-business and how leading global brands are addressing this.
Top 8 considerations to enable and simplify mobility
In this whitepaper learn how to successfully add mobile capabilities simply and cost effectively.
Solving today's distributed Big Data backup challenges
Enable IT efficiency and allow a firm to access and reuse corporate information for competitive advantage, ultimately changing business outcomes.
Reg Reader Research: SaaS based Email and Office Productivity Tools
Read this Reg reader report which provides advice and guidance for SMBs towards the use of SaaS based email and Office productivity tools.