On October 28, 2009
SAP Kept Afloat by Customers Need for Support
I often think that the preoccupation with corporate earnings can even outshine their revenue issues. However, you can never do better than the amount of money you can bring in, and for SAP, the signs are not promising, particularly as its weakest area, software sales, is the one that makes all the others possible. Although earnings increased by 12 percent, sales dropped by 9 percent. But for the full story, some perspective helps. I went through SAP financial statements and pulled together the largest three revenue categories over eight quarters. Here’s the result: Those figures tell an interesting story. Given that SAP is supposedly a software company, it is bad news to see that the whipsawing sales of software are…
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