Monday, October 27, 2008

Chronicles Of Depression 2.0: #358: SAP

SAP Scraps Outlook, Cuts Operating Margin Target
Germany's SAP scrapped its 2008 revenue outlook and cut its forecast for its full-year operating margin amid a global economic crisis that hurt demand for its business software.

"In light of the uncertainties surrounding the current economic and business environment, the company decided to no longer provide a specific outlook for Non-GAAP software and software-related service revenues for the full-year 2008," SAP said in a statement late on Monday.

OK, this is bad.

When SAP came out several weeks ago and said business had fallen off, it sent a cold chill throughout European stock markets.

Everything is getting worse faster.

I think it's time to revisit this post: Depression: 2009

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