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SAP surprises with better preliminary results for Q4 2009

14 January 2010 , Written by Dhruv Tanwar
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Following a preliminary review of its Q4 2009 performance, SAP AG has announced preliminary financial results for the fourth quarter and full year ended December 31, 2009.

For the fourth quarter of 2009, SAP's GAAP software and software-related service revenues were reported as approximately € 2.56 billion, against € 2.67 billion in revenues for the corresponding period in 2008, marking a decrease of around 4%. Its total revenues were approximately € 3.18 billion, against € 3.49 billion in the same period in 2008, lower by around 9%.

SAP's software revenues were reported as approximately € 1.11 billion, against € 1.32 billion in the same quarter in the previous year, dropping by around 16%, or at around 14% at constant currencies. Its GAAP operating margin was reported at approximately 32.8%, four percentage points lower than the 36.6% it had in the same period in 2008. SAP said its GAAP operating margin were negatively impacted by € 10 million or 0.3 percentage points on account of  restructuring charges resulting from the previously announced reduction of positions.

For the full year 2009, SAP said its GAAP software and software-related service revenues were approximately € 8.19 billion, three percent lower than 2008's € 8.46 billion. Its total revenues were approximately € 10.66 billion against 2008 revenues of  € 11.57 billion, a decrease of around 8%. Software revenues were reported as approximately € 2.60 billion, significantly lower by around 28% than 2008 software revenues of € 3.61 billion. Software operating margin was around 24.7%, a shade higher than 2008's 24.6%.  The operating margin was negatively impacted by € 196 million or 1.8 percentage points in restructuring charges resulting from the previously announced reduction of positions.

SAP said it would provide further details of its 2009 preliminary results and outlook for the full-year 2010 on 27 January.
 

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