SAP revenue down, but margins are up

SAP's revenue for the second quarter of 2009 fell 10% to $2.576bn, but the company reported better than expected operating margins.

"Despite...

SAP's revenue for the second quarter of 2009 fell 10% to $2.576bn, but the company reported better than expected operating margins.

"Despite the challenging economic conditions, the strength of our business model combined with a strong cost discipline has proven itself once again by enabling us to report another quarter of strong operating margin growth," said Werner Brandt, CFO of SAP.

"For the remainder of the year, we expect to maintain tight cost controls in all areas of the company."

During 2009, SAP reduced headcount to 48,500.

Léo Apotheker, CEO of SAP, said, "Our robust business model provides us the ability to continue to innovate, which we believe is the foundation for future growth. I am excited about the new products that we are delivering to our customers, solutions that provide them more transparency and clarity into their businesses, which are especially crucial in times like these."

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