German business application company SAP AG has said it has maintained its strong first quarter results in the second quarter, but warned that it doesn’t expect to maintain them over the year. The company is putting the strong quarter down to substantial demand for business software and the continuation of favourable exchange rates, but said high reference levels last year are likely to affect results for the second half. In February the company reported net profits up 40% at $346m on revenue that rose 38% at $2.27bn (CI No 3,091), and in March predicted sales will rise by 25 to 30% in 1997. Walldorf-based SAP will release the exact figures on July 24.
