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SAP Announces Third Quarter and Nine Months 2009 Results

Wednesday, October 28, 2009

SAP AG today announced its preliminary financial results for the third quarter and nine months ended September 30, 2009.

“We are pleased to report another quarter of increasing margins despite a decline in revenues. This demonstrates our continued success in maintaining tight cost controls,” said Werner Brandt, CFO of SAP. “While we are seeing signs of stabilization in the general environment, the market remains difficult. Third quarter software and software-related service revenues came in lower than we expected mainly because of a particularly challenging environment in the emerging markets and Japan.”

Article sourced from www.sap.com, click here to read full story.

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