SAP's revenue for the first nine months jumped 54 per cent in the year to $3.6 billion, as arch rival Baan warned of third quarter losses.
The German giant's revenues for the quarter grew by 43 percent to $1.2 billion. SAP claimed the unfavourable exchange rates and the Japanese crisis were taking their toll, but profits were up slightly more than revenue and performance is in line with earlier forecasts.
SAP said it expects a 40 per cent increase in revenues for the year and a 30 to 35 per cent increase in pretax profits.
The company's growth remains impressive but it is about 20 per cent down on the halcyon years. This reflects a downturn across the enterprise resource planning marketplace, as evidenced by yesterday's shock warning from the number two ERP player, Baan, that it expects to make a third quarter loss (see related story).
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And becomes the team's executive chairman to boot