The Wall Street Journal-20080115-SAP AG- Sales Rise 10-- in Line With Market Forecasts

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SAP AG: Sales Rise 10%, in Line With Market Forecasts

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German software maker SAP AG, whose programs help companies do back- office work such as payroll, inventory management and accounting, posted preliminary fourth-quarter results in line with market expectations. The company, which a year ago missed its fourth-quarter forecast, said total sales rose 10% to 3.25 billion euros ($4.8 billion) from 2.95 billion euros a year earlier. Software and software-related revenue climbed 13% to 2.48 billion euros from 2.2 billion euros. SAP shares closed up 2.7% at 33.70 euros in Frankfurt. Merck Finck & Co. analyst Theo Kitz said shareholders were relieved expectations were met and there was no disappointment like a year ago.