• WKN: 716460
  • ISIN: DE0007164600
  • Land: Deutschland

Nachricht vom 26.07.2011 | 17:25

SAP AG: SAP Refines Outlook for Non-IFRS Software and Software-Related Service Revenue at Constant Currencies and Non-IFRS Operating Profit at Constant Currencies

SAP AG  / Key word(s): Quarter Results/Change in Forecast

26.07.2011 17:25

Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted
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The issuer is solely responsible for the content of this announcement.


WALLDORF, Germany - July 26, 2011 - Today, SAP AG (NYSE: SAP) has changed
its outlook for the full-year 2011. The Company has refined the outlook for
non-IFRS software and software-related service revenue at constant
currencies and non-IFRS operating profit at constant currencies.

  - The Company reaffirmed that it expects full-year 2011 non-IFRS software
    and software-related service revenue to increase in a range of 10% -
    14% at constant currencies (2010: EUR 9.87 billion), but the Company 
    now expects to reach the high end of the range.

  - The Company reaffirmed that it expects full-year 2011 non-IFRS
    operating profit to be in a range of EUR 4.45 billion - EUR 4.65 
    billion at constant currencies (2010: EUR 4.01 billion), but the 
    Company now expects to reach the high end of the range, resulting in 
    2011 non-IFRS operating margin increasing in a range of 0.5 - 1.0 
    percentage points at constant currencies (2010: 32.0%).

  - The Company reaffirmed for the full-year 2011 that it projects an IFRS
    effective tax rate of 27.0% - 28.0% (2010: 22.5%) and a non-IFRS
    effective tax rate of 27.5% - 28.5% (2010: 27.3%).

The outlook change is based on SAP's improved visibility into the second
half of the year. The outlook change takes into account the strong
performance in the second quarter with 35% growth in software revenue at
constant currencies, 20% growth in non-IFRS software and software related
service revenue at constant currencies, 26% growth in non-IFRS operating
resulting in a 1.5 percentage point increase in non-IFRS operating margin
at constant currencies for the second quarter of 2011.

The Company will announce full results for the second quarter and six month
ended June 30th, 2011 later on today.


Information and Explaination of the Issuer to this News:

For a more detailed description of these adjustments and their limitations
as well as our constant currency and free cash flow figures see
Explanations of Non-IFRS Measures online

Conference Call

SAP senior management will host a conference call with investors and
financial analysts on Wednesday, July 27th, 2011 at 2:00 PM (CET) / 1:00 PM
(GMT) / 8:00 AM (Eastern) / 5:00 AM (Pacific). The conference call will be
web cast live on the Company's website at and will be
available for replay.

Any statements contained in this document that are not historical facts are
forward-looking statements as defined in the U.S. Private Securities
Litigation Reform Act of 1995. Words such as 'anticipate,' 'believe,'
'estimate,' 'expect,' 'forecast,' 'intend,' 'may,' 'plan,' 'project,'
'predict,' 'should' and 'will' and similar expressions as they relate to
SAP are intended to identify such forward-looking statements. SAP
undertakes no obligation to publicly update or revise any forward-looking
statements. All forward-looking statements are subject to various risks and
uncertainties that could cause actual results to differ materially from
expectations. The factors that could affect SAP's future financial results
are discussed more fully in SAP's filings with the U.S. Securities and
Exchange Commission ('SEC'), including SAP's most recent Annual Report on
Form 20-F filed with the SEC. Readers are cautioned not to place undue
reliance on these forward-looking statements, which speak only as of their

(c) 2011 SAP AG. All rights reserved.
SAP, R/3, SAP NetWeaver, Duet, PartnerEdge, ByDesign, SAP BusinessObjects
Explorer, StreamWork, and other SAP products and services mentioned herein
as well as their respective logos are trademarks or registered trademarks
of SAP AG in Germany and other countries.
Business Objects and the Business Objects logo, BusinessObjects, Crystal
Reports, Crystal Decisions, Web Intelligence, Xcelsius, and other Business
Objects products and services mentioned herein as well as their respective
logos are trademarks or registered trademarks of Business Objects Software
Ltd. Business Objects is an SAP company.Sybase and Adaptive Server,
iAnywhere, Sybase 365, SQL Anywhere, and other Sybase products and services
mentioned herein as well as their respective logos are trademarks or
registered trademarks of Sybase, Inc. Sybase is an SAP company.
All other product and service names mentioned are the trademarks of their
respective companies. Data contained in this document serves informational
purposes only. National product specifications may vary.
These materials are subject to change without notice. These materials are
provided by SAP AG and its affiliated companies ('SAP Group') for
informational purposes only, without representation or warranty of any
kind, and SAP Group shall not be liable for errors or omissions with
respect to the materials. The only warranties for SAP Group products and
services are those that are set forth in the express warranty statements
accompanying such products and services, if any. Nothing herein should be
construed as constituting an additional warranty.

For more information, financial community only:

Stefan Gruber +49 (6227) 7-44872, CET
Marty Cohen +1 (212) 653-9619, ET

26.07.2011 DGAP's Distribution Services include Regulatory Announcements, 
Financial/Corporate News and Press Releases.
Media archive at and

Language:     English
Company:      SAP AG
              Dietmar-Hopp-Allee 16
              69190 Walldorf
Phone:        +49 (0)6227 - 74 74 74
Fax:          +49 (0)6227 - 75 75 75
ISIN:         DE0007164600
WKN:          716460
Indices:      DAX
Listed:       Regulierter Markt in Berlin, Frankfurt (Prime Standard),
              Stuttgart; Freiverkehr in Düsseldorf, Hamburg, Hannover,
              München; Terminbörse EUREX; NYSE
End of Announcement                             DGAP News-Service

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