Sap Ag Adr is the recognized leader in providing collaborative e-business solutions for all types of industries and for every major market. SAP has leveraged our extensive experience to deliver a comprehensive range of solutions to empower every aspect of business operations. By using SAP solutions, organizations of all sizes including small and midsize enterprises - can reduce costs, improve performance, and gain the agility to respond to changing business needs. SAP is the world's largest business software company and the world's third-largest independent software provider overall. SAP has also developed the SAP NetWeaver platform, which allows our customers to achieve more value from their IT investments.
Industry:COMP-SOFTWARE Sector: Computer and Technology Fiscal Year End:December Last Reported Quarter:03/31/12 Next EPS Date:07/24/12
Capital Structure Solvency and Cash Flow
Balance Sheet
Cash and cash equivalents, including restricted cash and short-term investments, were €2.28 billion in 4Q09 versus €1.66 billion in 4Q08 and €3.04 billion in 3Q09. Receivables were €2.4 billion in 4Q09 versus €3.1 billion in 4Q08 and €2.1 billion in 3Q09. Account payable was €512.0 million in 4Q09, versus €538.0 million in 4Q08 and €521.0 million in 3Q09. Days sales outstanding (DSO) were 79 days in 4Q09 versus 71 days in 4Q08 and 78 days in 3Q09. There was no long-term debt.
Cash Flow and Capital Expenditure
Operating cash flow from continuing operations was €3,036.0 million in FY09 versus €2,183.0 million in FY08. Capital expenditure in FY09 was €225.0 million versus €339.0 million in FY08. Free cash flow was €2,811.0 million in FY09 versus €1,844.0 million in FY08.
Share Repurchase Program
SAP did not repurchase any shares in the quarter. However, SAP decided to pick up buying back shares in 2010 and expects to invest approximately €250.0 million in share buyback.
Last edited Mon Feb 22, 2010 03:41 AM by SreelaBose (Zacks Investment Research)
Governance Social Responsibility and Employee Relations
SAF Simulation, Analysis, and Forecasting AG: On September 4, 2009, SAP announced the successful acquisition of the majority shareholding (63.12%) in SAF Simulation, Analysis and Forecasting AG (SAF), one of the global forecasting and replenishment software leaders in the retail and wholesale industries.
Through the takeover, SAP further extends and complements its current planning, forecasting and replenishment solution portfolio for retail and wholesale companies. Core components of the SAF software have been embedded into the SAP for Retail solutions since, 2002. The takeover of the majority shareholding in SAF will foster the innovative power of both the companies and provide more SAP customers with this groundbreaking technology
SAF shareholders who have not yet accepted the offer of EUR 11.50 per share can do so during the extended acceptance period from September 4-18, 2009.
Last edited Mon Feb 22, 2010 03:45 AM by SreelaBose (Zacks Investment Research)
Recent and Upcoming Events
Major Risks
• Reductions in IT spending may directly affect SAP.
• Currency fluctuations could affect the Company’s revenue and/or expense streams.
• Negative outcome of the pending Oracle law suit could damage SAP’s brand image.
• Heavy investments made by the Company will likely burden its near-term performance.
Last edited Mon Feb 22, 2010 03:50 AM by SreelaBose (Zacks Investment Research)
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Last Modification: Thursday 03 of June, 2010 08:45:02 CDT by WikiMigrationBot.
