Confident software giant unveils 18% increase in sales
Leading software house SAP, has boldly predicted it expects its revenues for 2001 will double those achieved in 1998.
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 in midway through the month but are expected to show strong fourth quarter results.
Sales will show an 18% increase to £5.11bn from £4.32bn and a pre-tax profit increase of 5% to £981m from £932m.
Software companies unveil results showing increased business