SAP to Report 15 Percent Growth in Software Revenues

July 12, 2004 by admin

At constant currencies, second quarter software revenues were up by 17percent compared to the second quarter of 2003. Total revenues for the second quarter are expected to be approximately Euro 1.78 billion, representing an increase of 9 percent compared to the second quarter 2003. On the basis of these figures, SAP expects its operating income for the second quarter to be in the range of Euro 380 – 390 million and its pro forma operating income (excluding stock-based compensation and acquisition-related charges) for the second quarter to be in the range of Euro 420 – 430 million. Given the series of preannouncements in the industry during the past week, SAP decided to release this preliminary information. SAP will provide further details of its second quarter 2004 preliminary results on July 22.

Source: SAP AG

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