SAP's third-quarter net falls on weak sales; group scrambles to catch up with e-commerce wave

Article Abstract:

SAP AG posted a 64% decrease in third-quarter net income to Euro45 million ($48.7 million) as sales in the quarter increased 7%, to Euro1.12 billion. This is well under the 20% sales increase expected by many analysts. The millennium bug was one of the reasons for SAP's and other business-management software companies' poor postings, but SAP sales and profit growth have also been affected by the transformation toward corporate information systems that look like the Internet, and away from "client-server" designs.

Computer Software, Software Publishers, Germany, Computer software industry, Software industry, Software, SAP AG

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Fuel costs spur EasyJet to damp profit forecast: projected price rise to add $90 million to airline's expenses

Article Abstract:

Because of rising fuel prices and production costs, budget airline EasyJet PLC revises its expected full-year pretax profit for 2008. A profit drop of 3% is expected.

Forecasts, trends, outlooks, Financial management, United Kingdom, Airlines, Company sales and earnings, Company earnings/profit, Company financing, Company business forecast/projection, Company forecasts, Financial report, easyJet PLC

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