SAP has reported total revenues of €3.19bn for the fourth quarter of 2009, a decrease of 9% compared to €3.49bn for the same period last year.
According to the fourth quarter preliminary results, the company posted an operating income of €1.05bn, a decrease of 17%, compared to €1.27bn for the same period a year ago. Operating income were negatively impacted by restructuring charges of €10m resulting from the previously announced reduction of positions. Operating margin decreased by 3.5 percentage points to 33.1% from 36.6%.
The company posted a net income of €727m for the fourth quarter of 2009, a decrease of 12% compared to €830m for the same period previous year.
Software revenues were down 15% to €1.2bn, compared to €1.32bn and software and software-related service revenues were down 4% to €2.56bn, compared to €2.66bn.
For the full year 2009, the company has posted total revenues of €10.67bn, a decrease of 8%, compared to €11.57bn in 2008. Operating margin was 24.7% and operating income was €2.64bn, a decrease of 7%, compared to €2.84bn in 2008.
Leo Apotheker, CEO of SAP, said: “Despite the difficult environment last year, we never lost focus on innovation, which is the cornerstone for growth going forward. Building on a strong foundation, we will drive growth by continuing to strengthen our core business and expand beyond the core with new products and technologies that speed implementation, provide for instant consumption and are easy accessible from anywhere, anytime, and from a broad range of devices.”
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