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Technology Stocks : SAP A.G. -- Ignore unavailable to you. Want to Upgrade?

To: Informatiker who wrote (2703)	10/20/1998 4:08:00 AM
From: Informatiker	Read Replies (3) \| Respond to of 3424

SAP 1998 Nine Months Sales Increase 54% to DM 5.9 Billion Walldorf, October 20, 1998 7:00 am GMT. SAP AG announced today that its strong growth continued as planned in the third quarter of 1998. Revenue in the third quarter grew to DM 2.0 billion, an increase of 43% over the same period last year. Including a DM 9 million expense provision related to SAP's employee stock appreciation rights (STAR) program, costs rose 46% to DM 1.7 billion. Pretax profits increased 50% toDM 376 million in the third quarter. In the first nine months revenues grew 54% to DM 5.9 billion, while pretax profits grew 45% to DM 1.2 billion. SAP's Board maintained its earlier expectations for 1998 of approximately 40% revenue growth and a 30-35% increase in pre- tax profits. Further details will be announced at SAP's Third Quarter Press Conference which takes place today in Munich at 9:00 am GMT. Regards, Heinz