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To: Johnny Canuck who wrote (39924)	7/17/2003 3:43:03 AM
From: Johnny Canuck	Read Replies (1) \| Respond to of 72034

2:42AM SAP ups op margin target for the year, affirms EPS view (SAP, DE:716460) by Emily Church LONDON (CBS.MW) -- SAP (SAP) (DE:716460), Europe's largest software maker, Thursday raised its target for operating margin, excluding stock-based compensation and acquisition-related charges, for the year to between 1-1.5 percentage points against an earlier target for an improvement of around 1 percentage point. SAP affirmed expectations for earnings per share for 2003, excluding stock-based compensation, acquisition-related charges and impairment-related charges, to be in the range of 3.45-3.60 euro per share. 2:38AM SAP op profits ahead of consensus, license sales down (SAP, DE:716460) by Emily Church LONDON (CBS.MW) -- SAP (SAP) (DE:716460), Europe's largest software maker, said Thursday operating income in its second quarter rose 6 percent to 340 million euro. Operating income, excluding stock-based compensation and acquisition-related charges, rose 20 percent to 388 million euro, above the consensus forecast from analysts for operating profit of 363 million euro. Licensing revenue declined 13 percent to 431 million euro, below expectations for an average decline in licensing revenue to 459 million euro. On a constant currency basis, software revenues were down 5 percent, SAP said. SAP said it gained market share in the quarter against U.S. rivals to 55 percent from 54 percent. Total revenue declined 8 percent to 1.6 billion euro. Net income excluding stock compensation and acquisition-based charges 81 euro cents, up from 49 euro cents a year ago. 2:28AM Misys: May year sales flat, raises dividend (UK:MSY) by Emily Church LONDON (CBS.MW) -- Misys (MSY), the U.K. financial and healthcare software group, said Thursday sales for the year ending in May were £1.014 billion, flat with the year-ago's £1.041 billion. Operating profit rose to £70 million, up from £52 million. It expects the full year dividend to rise to 5.67p a share. Looking ahead, it said it expects improvement is likely to come through in the second half. "We remain convinced that bank spending on IT in general, and on third party software in particular, will return to growth, although we are not planning for a return to more buoyant conditions in the banking software markets this financial year."