3: MySAP 4Q Sales 63% of Grp Software Sales>SAP
FRANKFURT (Dow Jones)--SAP AG's (SAP) fourth-quarter net profit beat
analysts' expectations, but the German software maker said it would reach
its sales targets for 2001 later than predicted.
Fourth-quarter net profit reached EUR366 million, up 16% on EUR316 million a
year earlier and above analysts' forecasts of EUR363 million.
However, SAP said its target to double 1998 sales in 2001 would take a
quarter longer than expected. The software maker also said in a statement it
expects sales growth in the first half of 2001 to be slightly better than in
2000.
Sales of SAP Interent Product, MySap, gained momentum, reaching EUR661
million in the fourth quarter, compared with EUR294 million a quarter ago
and outstripping the EUR129 million in sales a year ago.
MySAP fourth-quarter sales accounted for 63% of total software sales, but
fell short of the 70% predicted by analysts. However, at EUR1.3 billion,
MySAP sales made up 53% of full-year software sales, beating analyst
forecasts.
(MORE) DOW JONES NEWS 01-23-01
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