SAP Results in – its tough

SAP this morning posted its results for 2008 – its tough going but its margin still grew by 1.1% with sales up year on year based at current currencies. Leo Apotheker, joint CEO, continues to take action to safeguard their position with a continued tightening on expenses and capital, and an intention to reduce employee numbers from 51,800 to 48,500 or 6% over the course of the year through natural attrition. There were no mentions of enforced redundancies.

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