Sign up for our newsletter - Navigating the horizon of business technology​
Technology / AI and automation


Walldorf-based SAP AG expects sales to rise by between 25% and 30% in 1997 and says pre-tax earnings growth should be a bit better than that – The increase in pre-tax profit should be one to two percentage points higher than the growth in sales, SAP board member Henning Kagermann declared. As reported, SAP’s 1996 group sales were equivalent to $2.2bn, and group net profit rose 40.1% to $337m. SAP plans to boost the dividend by about 30 cents to $1.07, and to mark its 25th anniversary, SAP will also pay a bonus dividend of 30 cents per share. On the figures, SAP said that cash flow adjusted according to the German Financial Analysts method rose 40% to $464m, accounting for 21% of revenue. SAP’s results were also a mirror image of those from the likes of IBM Corp, because they benefited from the strong dollar – exchange rates boosted sales $34m last year and operating profits $10.7m. SAP is not planning to come to the markets for more cash in 1997, chief executive Dieter Hopp said.

White papers from our partners

This article is from the CBROnline archive: some formatting and images may not be present.

CBR Staff Writer

CBR Online legacy content.