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by Jeff Moad, MA Editorial Staff
Posted on Wednesday, January 30, 2008 4:00:00 PM Sign Up to receive Daily News Alerts in your E-mail Inbox    | Abstract: | Sales growth remains in the double digits for the enterprise application purveyor, but the cost of supporting its new ByDesign mid-market product cuts into earnings. |
| Keywords: | SAP fourth quarter, SAP quarterly results |
As expected, SAP today reported solid double-digit fourth-quarter software and service revenue although, the company said, net income dropped, in part, due to significant investments in SAP's new Business ByDesign on-demand offering for small customers. For the three-month period ended Dec. 31, 2007, SAP saw a 10% increase in total revenue to €3.24 billion, up from €2.95 million reported in the fourth quarter of 2006. SAP's software revenue for the period, at €1.42 billion, was up 14%, while revenue from software and services contributed €2.47 billion, an increase of 13% over the like period a year ago. For the quarter, SAP saw revenue from subscriptions and software-related services increase 47% to €53 million. [Click to continue] |
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