SAP Predicts--And Needs--A Good 2004 - InformationWeek

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SAP Predicts--And Needs--A Good 2004

SAP execs are predicting a better year in 2004, including a 10% increase in software sales. The German software maker's 2003 revenue fell 5% to $8.9 billion from $9.4 billion the year before. For its fourth quarter ended Dec. 31, revenue was $2.8 billion, down 3% from $2.9 billion a year ago.

The optimistic outlook for software--software revenue dropped 7% to $2.7 billion in 2003--is based on products such as SAP's NetWeaver and its market-leading position in the enterprise software market. CEO Henning Kagermann said in a statement, "We believe 2004 will demonstrate the continuation of a trend that we saw evolve in the second half of 2003: clear signs that companies started picking up the pace of their software investments."

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