Business applications market leader SAP reported a 43% drop in net income for its first quarter ended March 31, despite a 10% increase in revenue. In a separate announcement, SAP also said that Kevin McKay, head of SAP's U.S. operations, has resigned for personal reasons.
cost of implementing sap bw
poor showing. First, the cost of the Star share option program, which had been previously anticipated. Fine, we will go along with this one. Second, chief executive Henning Kagermann said competition for web-based products, particularly in the US, had been fierce. The truth is that SAP has only recently begun to feel and be hurt by serious competition. Its core ERP product R/3, while still functionally superior, is not sufficient any more for sustained corporate financial success. SAP is stumbling,