(By Anthony Miller – Wednesday, 29th April 2009 9:30am). Though SAP’s Q1 software licence revenues fell 33%, software and related services revenues remained pretty much flat as reported, and ‘only’ down 4% in constant currencies. In other words, it was support revenues, now 52% of SAP’s total revenues, that kept the ship afloat, up 18%. Management stuck to its prior 25% FY margin guidance, having previously given up trying to predict revenues. No real surprises here. I’m curious to hear what they think of Oracle’s acquisition of Sun and will tune in to this afternoon’s concall to find out!
Wednesday 29 April 2009
SAP sticks to FY guidance
(By Anthony Miller – Wednesday, 29th April 2009 9:30am). Though SAP’s Q1 software licence revenues fell 33%, software and related services revenues remained pretty much flat as reported, and ‘only’ down 4% in constant currencies. In other words, it was support revenues, now 52% of SAP’s total revenues, that kept the ship afloat, up 18%. Management stuck to its prior 25% FY margin guidance, having previously given up trying to predict revenues. No real surprises here. I’m curious to hear what they think of Oracle’s acquisition of Sun and will tune in to this afternoon’s concall to find out!
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