Browse > Home / Enterprise Resource Planning, Press Releases / SAP Targets Strong 2008 Outlook Despite Lag in US Market

SAP Targets Strong 2008 Outlook Despite Lag in US Market

June 5, 2008 by CRM Help Desk

Please note it is your responsibility to evaluate the accuracy, completeness and usefulness of any information, opinion or advice contained in the content below.

SAP expects that its 2008 targets will remain on track despite some hardships in the U.S. market. The company reaffirmed its 2008 outlook at its annual general meeting, with CEO Henning Kagermann calling SAP’s core business “very healthy.”

Germany-based SAP (NYSE: SAP) is planning to expand its business to help shore up its position as Europe’s biggest software group, company chief Henning Kagermann said Tuesday.

Speaking at the group’s annual general meeting in the west German city of Mannheim, Kagermann said: “We remain focused on the large and growing company software market.”

Despite difficulties in its key U.S. market, the German software giant also confirmed its 2008 outlook with Kagermann describing the group’s core business as “very healthy.”

Room for Improvement

The company expects product revenue to grow between 24 and 27 percent at constant currencies with an operating margin of between 28.5 and 29 percent.

“We still have room for improvement in our operating margin compared with our rivals,” Kagermann told shareholders.

Kagermann defended the group’s acquisition last year of the French software company Business Objects, saying it was “the right decision at the right time.”

Facing Criticism

SAP is stepping up moves to further integrate Business Objects in its operations this year, with the company indicating that it planned to expand its operations through organic growth.

The SAP group has faced criticism from shareholder groups that the 4.8 billion euros (US$7.4 billion) it paid for Business Objects was too high.

Post to Twitter


Tagged:

, , , , , ,

Related Articles on CRM Help Desk Software.com

Recent Articles on CRM Help Desk Software.com

Free Newsletter

Sign up for the free Daily newsletter, filled with tips and ideas on how to choose a proper CRM, Help Desk, Customer Support, or Enterprise Content Management software system. Your email address will be kept confidential and won't be shared. Easily unsubscribe at any time.

If you enjoy the free information available on this site, you're sure to enjoy the free newsletter as well:

Enter your email address:

Delivered by FeedBurner

Share and Enjoy:

Written by CRM Help Desk · Filed Under Enterprise Resource Planning, Press Releases 

Comments



CRM Help Desk Software