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by Jeff Moad, MA Editorial Staff Posted on Wednesday, April 30, 2008 4:52:08 PM Sign Up to receive Daily News Alerts in your E-mail Inbox    | Abstract: | Calling out its Business Objects-related expenses and investments in the new ByDesign product, the German software giant sees net income fall 22%, but manages a double-digit rise in revenue. |
| Keywords: | SAP ByDesign, SAP revenue |
SAP AG today said acquisition expenses and the cost of rolling out its new Business ByDesign product combined to drive down by 22% its net earnings for the quarter ended March 31.
Also today, SAP Co-CEO Henning Kagermann said the company has decided to scale back its investments in the rollout of the on-demand Business ByDesign ERP product. Because of the slower rollout, SAP said, it will not achieve €1 billion in Business ByDesign revenue by 2010 as previously promised. Instead, the company will take 12 months to 18 months longer to reach that revenue level with the new software.
“We remain entirely committed to this product,” Kagermann told financial analysts on a conference call today. “You should not interpret this modification as anything to the contrary.” But, Kagermann said, based on early experiences rolling out Business ByDesign to selected customers, “we think we can do even better than we have achieved to date and, therefore, we have decided to take an even more controlled approach to the rollout of Business ByDesign.”
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