Feeds

SAP shares dive on warning

Small in Japan

The essential guide to IT transformation

SAP saw its shares take a dive today, when it warned that poor sales in Japan meant that it was likely to miss targets for the year.

Shares were down over seven per cent in early trading.

The company said revenues for the third quarter ended 30 September 2009 were €2.51bn, down nine per cent on the same three months of last year. Despite this, operating income was €606m, a decline of only one per cent. But the markets were expecting sales of €2.6bn.

Werner Brandt, chief executive of SAP, said he was pleased to see continued improvements in margins despite falling sales, but the markets were less sympathetic. Brandt said that although the market remained difficult, he was seeing signs of stabilisation.

He said sales had been hit in Japan and emerging markets, but increases in multi-year agreements and "further progress in the evolution of our volume business as a result of smaller deals" were both good news.

Operating margin for the quarter was 24.2 per cent, compared to 22.2 per cent in the third quarter of 2008. ®

Next gen security for virtualised datacentres

More from The Register

next story
6 Obvious Reasons Why Facebook Will Ban This Article (Thank God)
Clampdown on clickbait ... and El Reg is OK with this
No, thank you. I will not code for the Caliphate
Some assignments, even the Bongster decline must
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
Barnes & Noble: Swallow a Samsung Nook tablet, please ... pretty please
Novelslab finally on sale with ($199 - $20) price tag
Ballmer leaves Microsoft board to spend more time with his b-balls
From Clippy to Clippers: Hi, I see you're running an NBA team now ...
Banking apps: Handy, can grab all your money... and RIDDLED with coding flaws
Yep, that one place you'd hoped you wouldn't find 'em
Video of US journalist 'beheading' pulled from social media
Yanked footage featured British-accented attacker and US journo James Foley
Call of Duty daddy considers launching own movie studio
Activision Blizzard might like quality control of a CoD film
Primetime precrime? Minority Report TV series 'being developed'
I have to know. I have to find out what happened to my life
prev story

Whitepapers

A new approach to endpoint data protection
What is the best way to ensure comprehensive visibility, management, and control of information on both company-owned and employee-owned devices?
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.
Maximize storage efficiency across the enterprise
The HP StoreOnce backup solution offers highly flexible, centrally managed, and highly efficient data protection for any enterprise.
How modern custom applications can spur business growth
Learn how to create, deploy and manage custom applications without consuming or expanding the need for scarce, expensive IT resources.
Next gen security for virtualised datacentres
Legacy security solutions are inefficient due to the architectural differences between physical and virtual environments.