Feeds

SAP shares dive on warning

Small in Japan

Remote control for virtualized desktops

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. ®

Remote control for virtualized desktops

Whitepapers

Choosing cloud Backup services
Demystify how you can address your data protection needs in your small- to medium-sized business and select the best online backup service to meet your needs.
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.
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.
Internet Security Threat Report 2014
An overview and analysis of the year in global threat activity: identify, analyze, and provide commentary on emerging trends in the dynamic threat landscape.
Intelligent flash storage arrays
Tegile Intelligent Storage Arrays with IntelliFlash helps IT boost storage utilization and effciency while delivering unmatched storage savings and performance.