January 26, 2001, 2:49 PM — BUSINESS SOFTWARE MAKER SAP AG is touting "very good" fourth-quarter results. Preliminary figures show operating profit of some $574 million, a growth of more than 40 percent over the same period in 1999, the company said in a statement Monday. SAP added that the figure excludes the costs of the employees' bonus program, but did not cite any further specifics.
Revenue for the quarter amounted to around $2 billion, up some 27 percent. Software licensing revenue for the quarter totalled some $957 million, a jump of about 25 percent.
"The very good results in the fourth quarter 2000, in particular seen against the background of the extremely strong fourth quarter 1999, exceeds SAP's original expectations," the company said.
More exact figures on the preliminary annual results for 2000 will be released on Jan. 23.