SAP Profits Despite Sales Slump and Weak Economy
November 2, 2009 Timothy Prickett Morgan
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Application software powerhouse SAP didn’t do as badly in the third quarter as some had expected, but the company’s revenue and profit picture and sentiments show just how hard it is to get big IT projects done in this tough–and perhaps improving–economy. For the third quarter ended in September, the German company booked €2.51 billion in sales, down 9 percent from the year-ago quarter, and software license sales fell a staggering 31 percent to €525 million. Services revenues (including software support and subscription-based software sales) declined only 3 percent for SAP in Q3, to €1.94 billion. Within that broad services |


