Tech Industry

Short Take: SAP's revenues are up

SAP AG, provider of business application software, announced that its sales for the first nine months of 1996 rose 33 percent to $1.6 billion compared to the same period in 1995. Product revenues climbed 30 percent to $1.2 million: R/3 sales rose 39 percent, while R/2 sales declined 14 percent. Income before tax rose 33 percent to $339 million from $256 million last year. SAP did not expect a slower quarter, but weakness in some markets lowered sales, the company said.

SAP AG, provider of business application software, announced that its sales for the first nine months of 1996 rose 33 percent to $1.6 billion compared to the same period in 1995. Product revenues climbed 30 percent to $1.2 million: R/3 sales rose 39 percent, while R/2 sales declined 14 percent. Income before tax rose 33 percent to $339 million from $256 million last year. SAP did not expect a slower quarter, but weakness in some markets lowered sales, the company said.