Thursday, April 19, 2007

SAP meets Q1 licence expectations, profit misses

(Reuters) - FRANKFURT, April 20 - Germany's SAP met analysts' forecasts for sales of new software licences but missed expectations for earnings after a difficult first quarter in which it lost a top manager and faced a lawsuit from a rival.

The world's biggest maker of business software said on Friday licence sales, which hook customers into lucrative maintenance and service deals, rose 10 percent to 564 million euros in the three months to end-March.


Read more at Reuters.com Market News

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