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by Jeff Moad, MA Editorial Staff
Posted on Thursday, July 20, 2006 7:04:00 PM Sign Up to receive Daily News Alerts in your E-mail Inbox   As expected, SAP AG today reported, that for its second fiscal quarter, software and product sales grew slower than the company and financial analysts had expected. For the quarter ending June 30, SAP said that total revenues grew to €2.2 billion, up 9% from the corresponding period last year. Software revenue for the quarter was €621 million, up 8% year over year. Revenue growth fell significantly short of SAP's recent financial track record, which, over the past 12 quarters, has seemed to defy slow-growth industry trends. In the first quarter of this year, for example, the company reported that software revenues grew 22%, while total revenues were up 18%. [Click to continue]  |
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