SAP Q3 Results Cause Mixed Reactions
P.J. Jakovljevic - November 16, 2000

Event Summary

On October 19, SAP AG (NYSE: SAP), the leading provider of enterprise software solutions, announced its results for the quarter ended September 30, 2000. In the third quarter, revenues rose 27% over the same period last year from EUR 1.12 billion to EUR 1.42 billion. Operating income before charges for the employee stock appreciation rights program (STAR) was up 89% to EUR 202 million compared to EUR 107 million in 1999. Net income in the quarter increased 96% to EUR 88 million compared to EUR 45 million in 1999 (See Figure 1)...