PracticeConsultingSAP announces revenue results.

SAP announces revenue results.

Leading enterprise resource planning provider SAP has boldly

The company issued a profits warning in 1998, after profit growth fell short of 30-35% predictions. But it still posted total revenues of around £3.5bn. Company officials said the increase in revenue would be brought about through the Internet and consultancy revenues, and followed the release of its 1999 preliminary results. The official 1999 results will be released midway through the month and are expected to show strong fourth-quarter results. Sales will show an 18% increase to £308m from £2.61bn and a pre-tax profit increase of five per cent to £592m from £562m. Meanwhile, despite the negative business climate bought about by Y2K, SquareSum, the provider of the DREAM accountancy software, reported ‘impressive’ results showing a 59% increase in turnover to £2.2m and 64% increase in profit for the six months to 30 November 1999. Hyperion has announced financial results for its fiscal 2000 second quarter and six-month period ending December 31 1999. For the second quarter, revenues rose by eight per cent to $115.8m from $107.0 million for the same quarter last year.

Related Articles

5 tips for SMEs to protect cash flow

Accounting Software 5 tips for SMEs to protect cash flow

3m Alia Shoaib, Reporter
Tyrie on Finance Bill 2017: ‘Making Tax Policy Better’

Consulting Tyrie on Finance Bill 2017: ‘Making Tax Policy Better’

9m Stephanie Wix, Writer
Managing partner Q&A - the year ahead: Richard Toone, CVR Global

Accounting Firms Managing partner Q&A - the year ahead: Richard Toone, CVR Global

10m Kevin Reed, Writer
Friday Afternoon Live: HMRC complaints rise; Deloitte scoops big audits; and corporate reporting woes

Audit Friday Afternoon Live: HMRC complaints rise; Deloitte scoops big audits; and corporate reporting woes

11m Kevin Reed, Writer
New head of equity capital markets for KPMG

Accounting Firms New head of equity capital markets for KPMG

11m Stephanie Wix, Writer
Deloitte 'self-imposes exile' on government contracts to defuse PM row

Accounting Firms Deloitte 'self-imposes exile' on government contracts to defuse PM row

10m Kevin Reed, Writer
Managing partner Q&A - the year ahead: Julie Adams, Menzies

Accounting Firms Managing partner Q&A - the year ahead: Julie Adams, Menzies

10m Kevin Reed, Writer
Friday Afternoon Live: Deloitte's tech thing; PAC wants HMRC 'contingencies'; and Sports Direct

Business Regulation Friday Afternoon Live: Deloitte's tech thing; PAC wants HMRC 'contingencies'; and Sports Direct

10m Kevin Reed, Writer