SAP Posts Solid Q499, but Warns of Q100
P.J. Jakovljevic - February 7, 2000

Event Summary

On January 24, SAP announced its preliminary year-end results and warned that its new employee stock option plan and marketing and staff additions for its mySAP.com Internet software system would likely outpace sales in the first quarter of 2000. However, strong fourth quarter 1999 and year-end results announced on the same day gave SAP a very good standing entering the New Year. Sales grew 18% to EUR 5.11B ($5.13B U.S.) in 1999 from EUR 4.32B ($4.34B) from 1998. Year-end pretax profits, excluding charges for the employee Stock Appreciation Rights (STAR) plan, grew 18% over 1998 to EUR 1.120B ($1.125B) from EUR 948M ($952M). Including STAR costs, pretax profits grew 5% year over year to EUR 981M ($985M) from EUR 932.0M ($935.8M)...