[January 21, 2010] SAP Posts 2009 Preliminary Results Tweet Jan 21, 2010 (Close-Up Media via COMTEX) -- After a preliminary review of its 2009 fourth quarter performance, SAP announced the following preliminary financial results for the fourth quarter and full year ended December 31. In a release dated January 14, the company stated: Fourth Quarter 2009 - U.S. GAAP software and software-related service revenues: approximately Euro 2.56 billion (2008: Euro 2.67 billion), a decrease of around 4 percent. Non-GAAP software and software-related service revenues: approximately Euro 2.56 billion (2008: Euro 2.69 billion), a decrease of around 5 percent (around 2 percent at constant currencies). - U.S. GAAP total revenues: approximately Euro 3.18 billion (2008: Euro 3.49 billion), a decrease of around 9 percent. Non-GAAP total revenues: approximately Euro 3.18 billion (2008: Euro 3.51 billion), a decrease of around 10 percent (around 7 percent at constant currencies). - U.S. GAAP software revenues: approximately Euro 1.11 billion (2008: Euro 1.32 billion), a decrease of around 16 percent (around 14 percent at constant currencies). - U.S. GAAP operating margin: approximately 32.8 percent (2008: 36.6 percent), a decrease of around 4 percentage points. Non-GAAP operating margin: approximately 34.8 percent (2008: 39.1 percent), or around 34.7 percent at constant currencies, a decrease of around 4 percentage points (around 4 percentage points at constant currencies). The U.S. GAAP and Non-GAAP operating margin were negatively impacted by Euro 10 million (0.3 percentage points) in restructuring charges resulting from the previously announced reduction of positions. - Fourth quarter 2008 Non-GAAP software and software-related service revenues and total revenues exclude a non-recurring deferred support revenue write-down from the acquisition of Business Objects of Euro 26 million - Fourth quarter 2009 and 2008 Non-GAAP operating margin excludes acquisition-related charges totaling Euro 64 million (2008: Euro 72 million). Full Year 2009 - U.S. GAAP software and software-related service revenues: approximately Euro 8.19 billion (2008: Euro 8.46 billion), a decrease of around 3 percent. Non-GAAP software and software-related service revenues: approximately Euro 8.20 billion (2008: Euro 8.62 billion), a decrease of around 5 percent (around 5 percent at constant currencies). - U.S. GAAP total revenues: approximately Euro 10.66 billion (2008: Euro 11.57 billion), a decrease of around 8 percent. Non-GAAP total revenues: approximately Euro 10.67 billion (2008: Euro 11.73 billion), a decrease of around 9 percent (around 9 percent at constant currencies). - U.S. GAAP software revenues: approximately Euro 2.60 billion (2008: Euro 3.61 billion), a decrease of around 28 percent (around 27.5 percent at constant currencies). - U.S. GAAP operating margin: approximately 24.7 percent (2008: 24.6 percent), an increase of 0.1 percentage points. Non-GAAP operating margin: approximately 27.2 percent (2008: 28.2 percent), or approximately 27.5 percent at constant currencies, a decrease of 1 percentage points (0.7 percentage points at constant currencies). The U.S. GAAP and Non-GAAP operating margin were negatively impacted by Euro 196 million (1.8 percentage points) in restructuring charges resulting from the previously announced reduction of positions. - The company's full-year Non-GAAP operating margin at constant currencies exceeded its previously published outlook range of 25.5 - 27.0 percent. ((Comments on this story may be sent to [email protected])) [ Back To TMCnet.com's Homepage ]