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SAP CEO: BBD A CATEGORY KILLER

But for the moment, it was a smaller part of the story that SAP had a very good quarter and a very good year even if the products it sold largely aren’t those handled by mid-market VARs. Even if after-tax profit was off by 36 percent, revenue for the most recently ended year rose by 27 percent over the fourth quarter of 2009. After-tax profit for the fourth quarter of 2009 was about $598 million while revenue was roughly $5.56 billion with the percent changes calculated on the amounts as reported in euros. This reflects an improving economy and SAP was very happy with its performance across all product lines in all industries and geographies. The results show “customers invest in software and are willing to upfront new deals again,” said CEO Werner Brandt.
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