The recession took its toll on enterprise softwarespecialist SAP with the vendor releasing a set of full year results litteredwith minus signs.
For its financial year ended 31 December SAP reported a 28%decline in software revenues from €3.6bn to €2.6bn and service revenue alsodipped by 3% leading to an 8% decline in total revenues from €11.5bn to€10.6bn.
Net income also took a hit dropping by 4% and the vendor wasalso impacted by a €196m restructuring charge.
"Along with margin expansion for 2010, we are also ready toreturn to top-line growth, although the market continues to be challenging and uncertaintyamong customers still exists," said Leo Apotheker, CEO of SAP.
The vendor is forecasting an increase in the region of 4-8%in software and services revenue in 2010.
The restructuring charge, which resulted from the vendorsmoves to trim its workforce and reduce costs, was a sign of a determination tocontrol spending that will not be relaxed going forward.
"For 2010, we will continue to maintain strict cost controlswith a spotlight on further margin expansion," said Werner Brandt, CFO of SAP.