Short Take: SAP revenues up 60 percent

SAP, a client-server applications provider, said that its revenues rose nearly 60 percent in 1997 and that its per-share earnings profits are expected to grow by more than 50 percent on an increased number of shares outstanding. SAP is awaiting word on its tax rate for the year, which will affect its bottom line.

Dawn Kawamoto Former Staff writer, CNET News

Dawn Kawamoto covered enterprise security and financial news relating to technology for CNET News.

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Dawn Kawamoto

Jan. 7, 1998 3:45 p.m. PT

, a client-server applications provider, said that its revenues rose nearly 60 percent in 1997 and that its per-share earnings profits are expected to grow by more than 50 percent on an increased number of shares outstanding. SAP is awaiting word on its tax rate for the year, which will affect its bottom line.