SAP Says 2009 Ended Better Than Expected, Rejiggers Maintenance Fees
January 18, 2010 Timothy Prickett Morgan
Enterprise application powerhouse SAP said last week after a preliminary review of its books that it would finish off 2009 a bit better than expected. Don’t get too excited. Just because business in Q4 was better than expected doesn’t mean it was great. And that’s why SAP also said that it was rejiggering its maintenance fees to reflect the new economic realities out there in the global economy. Based on U.S. accounting rules, SAP said its sales for software and related services in the fourth quarter ended December 31 would come in at €2.56 billion, down 4 percent from the |