PracticePeople In PracticeConfident software giant unveils 18% increase in sales

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

Related Articles

Is inefficiency stealing your time and money?

Accounting Firms Is inefficiency stealing your time and money?

6m Emma Smith, Managing Editor
CIMA elects new president

Institutes CIMA elects new president

6m Emma Smith, Managing Editor
Transparent currency trade: How to achieve costs visibility

Governance Transparent currency trade: How to achieve costs visibility

6m Emma Smith, Managing Editor
Introduction to KPMG UK’s new leadership team

Accounting Firms Introduction to KPMG UK’s new leadership team

6m Emma Smith, Managing Editor
EY appoints head of UK Infrastructure Asset Intelligence practice

Accounting Firms EY appoints head of UK Infrastructure Asset Intelligence practice

8m Emma Smith, Managing Editor
FRP Advisory expands operation with new office, partner appointments

Accounting Firms FRP Advisory expands operation with new office, partner appointments

10m Emma Smith, Managing Editor
Magma Group announces merger, partner promotions

Accounting Firms Magma Group announces merger, partner promotions

10m Emma Smith, Managing Editor
MHA MacIntyre Hudson advises on management buy-out

Accounting Firms MHA MacIntyre Hudson advises on management buy-out

10m Emma Smith, Managing Editor