Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : 50% Gains Investing -- Ignore unavailable to you. Want to Upgrade?

To: Dale Baker who wrote (2840)	1/26/1999 6:10:00 AM
From: Mao II	Read Replies (1) \| Respond to of 118717

DB & Thread: SAP earnings up 14 percent, beating diminished expectations; company says Japan operations have been revamped; looking for 25 percent growth going forward. M2 cbs.marketwatch.com SAP 1998 EPS rises 14%; sales up 41% By Suzanne Miller, CBS MarketWatch Last Update: 4:54 AM ET Jan 26, 1999 NewsWatch WALLDORF (CBS.MW) -- Germany's SAP AG, the world's biggest provider of client/server business software, on Tuesday said earnings per share rose 14 percent to $6.00 -- which was better than the average 12 percent rise many analysts had been expecting. SAP's shares rose as much as 3 percent after it released its full-year results. Meanwhile, net profit for the year rose 14 percent to $627 million, while sales for the fourth quarter rose 18 percent to $1.54 billion. For the year, revenues rose 41 percent to $5 billion. The company implied that the results would have been even better had it not been for currency fluctuations and for a $119 million shortfall in software sales for Japan. Currency volatility carved about 4 percentage points off revenue figures. In Japan, SAP (SAP) said it has restructured its operations and that it's "confident that the accuracy and quality of sales forecasts will improve substantially." SAP also paid $28.3 million to improve its accounting in Russia. During the year, SAP hired 6,500 new employees, which it said will help it to roughly double sales in three year's time. It also expects sales for the year to rise between 20-25 percent for 1999, and for its profit margin to rise as much as 1 percentage point.