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07.01.2000 – 08:37

SAP SE

ots Ad hoc-Service: SAP AG STRONGEST FOURTH QUARTER IN SAP HISTORY

The sender is solely responsible for the contents of this announcement. -----------------------------------------------------

    WALLDORF (ots Ad hoc-Service) SAP AG (NYSE: SAP), the leading provider of inter-enterprise solutions, today announced that an initial analysis of its preliminary results show that new software license revenue in the fourth quarter reached close to EUR 800 million, an increase of approximately 40% compared to the fourth quarter of 1998, and roughly 150% above the third quarter of 1999. Total revenues for the fourth quarter of 1999 grew by approximately 25% compared to the same period in 1998. As a result of strong new software license sales in the fourth quarter, SAP will achieve its 1999 targeted revenue growth of between 15 and 20%.

    The substantial increase in new software license revenues in the fourth quarter, combined with almost EUR 200 million of income from the sale of a number of equity investments, resulted in roughly a doubling of fourth quarter pre-tax profits (excluding the impact of STARs), as compared to the same quarter last year. Fourth quarter pre-tax profits will be significantly higher than the fourth quarter of 1998, even after considering charges of roughly EUR 120 million in the fourth quarter of 1999 for SAP's STAR employee bonus program.

    SAP AG will provide more details in its 1999 preliminary results announcement on January 24, 2000.

End ----------------------------------------------------- Internet: http://www.newsaktuell.de

Original-Content von: SAP SE, übermittelt durch news aktuell

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