Biting the hand that feeds IT
Biting the hand that feeds IT
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SAP Q4 profits up 29%Europe flat, US strongPublished Wednesday 26th January 2005 16:48 GMT SAP net profit for Q4 2004 was up 29 per cent to €542m (Q4 03: €420m), a little lower than consensus analyst forecasts of €548m. Revenues were € 2.4bn (Q4 03:€2.2bn). New software sales advanced eight per cent in the quarter to €1bn, with a 26 per cent jump in the Americas, compensating for flat sales in Europe. For the full year, SAP had revenues of €7.5bn, up seven per cent and net income of €1.3bn, up 22 per cent on 2003. The company forecasts 10-12 per cent growth in software licence revenues for 2005 and aims to hire 3,000 more people this year. Press statement here. ® Related stories
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