The weak global economy hits and SAP: The German software company has revised its forecast for sales of software and services. But the profit is expected to grow as planned.
The world's
largest enterprise software maker SAP pays tribute to the weak economy and has
slashed its forecast for sales of software and services.
In the current
year is only a currency-adjusted increase of software and software-related
service revenue by at least ten percent instead of the previously expected 11
to 13 percent expected, the group said.
Especially the
difficult macroeconomic environment in the Asia-Pacific region burdened
competing with Oracle software provider, also the rapid transition to cloud
software have skipped the expectations of the royalty income lower.
Less investment
in Asia and Australia
The companies
held in the wake of reduced growth rates in China with investment returns, said
co-CEO Jim Hagemann Snabe. This concerns mainly Australia
and Japan,
added Chief Financial Officer Werner Brandt.
SAP, however,
reiterated its expectation, 2013, from 5.85 to 5.95 billion euros,
currency-neutral operating earn more than € 5.21 billion from the year of 2012.
In the second
quarter, total sales increased by four percent to 4.06 billion euros, the
bottom line with SAP earned 724 million euros ten percent more.
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