SAP Net Income Down, Support Revenue Up
PrintSAP this week reported a 9 percent year-on-year drop in revenue for the fourth quarter of 2009, which led to the company's income dropping 12 percent from its record high one year ago.
"Q4 2008 was a record quarter, the best in the history of the business. That's the main reason for the decline," said CEO Léo Apotheker in a webcast news conference.
Software revenue was also down, dropping 15 percent, while software and software and software related services fell by 4 percent. But it wasn't all bad news for SAP. The company reported its support revenue rose 7 percent year-on-year.
Going forward, Apotherker said he expects SAP to return to top-line growth, though admitted "the market continues to be challenging and uncertainty among customers still exists."
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nduanetesh
January 29, 2010 at 7:38pm
I would like to suggest that not every bit of news on the internet that somehow has something to do with technology is actually of interest to MaximumPC readers.
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