Posted January 15, 2002 Manufacturing News SAP Surprises World with Eur-1 billion in Fourth Qtr. SAP AG (Walldorf, Germany; www.sap.com) amazed world markets with news that it expects its fourth quarter 2001 software license sales to exceed 1 billion euros ($888 million) - well over Wall Street's projected eur800 million. Full figures will be released on January 23rd, but if confirmed, it means that SAP's 2001 full-year revenues will have grown by more than 16%, with operating margins excluding stock-based compensation and TopTier acquisition charges matching the 20% levels achieved by the company for 2000. Shares rose yesterday on the announcement by nearly 19% in Frankfurt. As for the future the company expresses some caution, but anticipates continued year on year growth of 16% as customers continue "to invest cautiously in e-business software solutions" in difficult economic conditions. The Manufacturing Report © Copyright 2002 by Lionheart Publishing, Inc. All rights reserved. E-mail Editorial Dept: tmr-editorial@lionhrtpub.com Lionheart Publishing, Inc. 2555 Cumberland Parkway, Suite 299, Atlanta, GA 30339 USA Phone: 770-431-0867 | Fax: 770-432-6969 E-mail: lpi@lionhrtpub.com