The Register® — Biting the hand that feeds IT

SAP shares tumble after sales warning

amanfromMars

Another Snake Oil Sales Person Foaming at the Mouth? 

Posted Tuesday 7th October 2008 09:58 GMT

"Kagerman insisted the market fundamentals of SAP's business were sound, and that it had double-digit revenue growth and had increased market share."

Well, he is bound to insist that, isn't he. However, the stark reality is, that having had double-digit revenue growth and increased market share in a collapsing market place suggests that they are catalysts of the problem rather than having any sound business model.

Joe K

Blah blah 

Posted Tuesday 7th October 2008 09:58 GMT

Thumb Down

Can we have a "its the Global Financial Crisis's fault, honest guv!" tag, or newsstory section.

Paul Murphy

So they are still making a profit then? 

Posted Tuesday 7th October 2008 10:13 GMT

Stop

So what's the problem, ok, so it's less of a profit than they were expecting - well boo hoo.

As long as a company makes a profit (any profit) it can stay in business, the needless panic, cutting back on projects and automatically getting rid of staff so that shareholders and market analysts aren't disappointed is very shallow and short-term behaviour, and in the middle to long-term is very damaging to everyone.

ttfn

Tony

SAP support 

Posted Tuesday 7th October 2008 16:13 GMT

They have increased the cost of support by 5% and there is no way to avoid having to pay the extra - I think that might help boost their revenue figures.

Of course that doesn't take fully into account all the money that is being paid to the various consultants as well - as it was, is now, and shall be, SAP is a licence to rake in money from companies that believe in PowerPoint presentations.

TMS9900

SAP 

Posted Wednesday 8th October 2008 14:53 GMT

Coat

SAP=[S]tops [A]ll [P]rogress

I'll get my coat.