Business applications market leader SAP reported a 43% drop in net income for its first quarter ended March 31, despite a 10% increase in revenue. In a separate announcement, SAP also said that Kevin McKay, head of SAP's U.S. operations, has resigned for personal reasons.
bi sap targets smbs
$1.18 billion, from $1.08 billion a year ago. Overall, software license revenue increased by only 4% during the quarter, while maintenance revenue rose by 43% as compared to the same quarter a year ago. Consulting and training revenue, meanwhile, dropped by 3% and 14%, respectively. Figure 1 SAP was prepared for a challenging first quarter - and we got it, Henning Kagermann, co-chairman and chief executive officer of the Walldorf, Germany-based software vendor, said in a statement. Investors,