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SAP announces financials results for Q1

by Allison Martin

April 30, 2010

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...

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