SAP has recently released their preliminary financial results for Q1, which ended on March 31, 2010. They are reporting double-digit growth in their software and software-related service revenues!
SAP has also provided the following outlook for the rest of 2010:
·The Company expects full-year 2010 non-IFRS software and software-related service revenue to increase in a range of 4% to 8% at constant currencies (2009: €8.2 billion).
·The Company expects its full-year 2010 non-IFRS operating margin to be in a range of 30% to 31% at constant currencies (2009: 27.4%).
·The Company projects an effective tax rate of 27.5% to 28.5% (based on IFRS) for 2010 (2009: 28.1%).
For more information check out: www.sap.com/about/investor/financialnews...