FRANKFURT (Dow Jones)--German business software company SAP AG (SAP) Wednesday reported first-quarter sales and earnings that fell short of analysts' forecasts due to restructuring charges and challenging economic conditions, but it confirmed its outlook for 2009.
"While visibility for software revenues remains limited, we continue to take the necessary steps to protect our margin in this tough operating environment," SAP Co-Chief Executive Leo Apotheker said in a statement.
SAP's earnings were hit by EUR160 million in restructuring charges ...
Wednesday, April 29, 2009
UPDATE: SAP 1Q Earnings Miss Mkt Views, Confirms '09 Outlook
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Wednesday, April 29, 2009
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