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SAP Reports Poor First Quarter; Profits Slump 22%
Europe's largest maker of business-management software

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"Our growth strategy, which comprises three pillars - the established business, the midmarket and the business user solutions - is working quite well," said SAP's Chief Executive Henning Kagermann (pictured), as Europe's largest maker of business-management software today reported from Berlin, Germany, that its net profit in the January-March Q1 period fell 22%.

Software sales rose 11%, but analysts had hoped for more.

About SAP News Desk
SAP News Desk trawls the world's news information sources and brings you timely updates on the world's leading provider of enterprise resource planning (ERP) and its various software product lines used to integrate back-office functions such as distribution, accounting, human resources, and manufacturing.

LATEST SAP DEVELOPER STORIES
Microsoft To Keynote 4th International Virtualization Conference & Expo
Mike Neil is general manager for virtualization strategy in the Windows Server Division at Microsoft. Mike is focused on the delivery of the Windows virtualization technology, including Windows Server 2008 Hyper-V, Microsoft Hyper-V Server and Virtual PC 2007. Mike also directs t
SoftBrands Extends Partnership With SAP
SoftBrands announced an extension of its partnership with SAP. The companies will jointly pursue opportunities for affiliates and smaller sites of large enterprises. The goal and commitment is to pursue an SAP-centric solution at the plant level for large enterprises. SoftBrands
Oxford Industries Selects SAP to Streamline Global Financial Reporting
SAP announced that Oxford Industries will replace its financial information systems with the SAP ERP Financials solution. Oxford selected SAP as its software vendor of choice based on the company's reputation for providing value in the retail industry, its proven platform that su
Virtualization Conference Keynote Webcast Live on SYS-CON.TV
Brian Stevens, the Chief Technology Officer and Vice President of Engineering of Red Hat, delivered his Virtualization Keynote 'The Future of the Virtual Enterprise' at SYS-CON's Virtualization Conference & Expo 2007 West in San Francisco. 'Virtualization is the hottest subject
"Virtualization Journal" Debuts This Week at JavaOne
Founded in 2006, SYS-CON Media's 'Virtualization Journal' is the world's first magazine devoted exclusively to what Gartner has earmarked as the single highest-impact IT trend through 2012: virtualization. And now it will be available on newsstands worldwide, as SYS-CON Media see
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BREAKING SAP DEVELOPER NEWS
PR Newswire Summary of Technology Copy, May 8, 2008
Following is a summary of high technology news releases transmitted today by PR Newswire. T