By Joey Gardiner, 10 January 2000 15:57
NEWS SAP has announced preliminary results showing the German ERP giant is on course to achieve its ambitious growth targets with new software licence revenue of almost E800m (£500m) in the last quarter. SAP said a preliminary analysis of its fourth quarter sales indicate its total revenues are set to grow by 15-20 per cent on 1998, with new software licence revenues growing by 40 per cent. Profits are set to almost double, excluding charges for its new employee bonus programme. SAP puts its fourth quarter success down to a "striking" turnaround in software sales and the successful introduction of its mySAP.com products. Analysts said that SAP was benefiting from the relaxing of IT budgets after companies cleared the Y2K hurdle. Serge Wynen, principal analyst for erpworld.com, said SAP had performed particularly well because it had handled the transition to ERP applications that enable ebusiness and fill new enterprise areas. "SAP has strong integrated applications offerings that go beyond the old transaction-based ERP backbone - and this bodes well for them in the future," he said.
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