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SAP, a software enterprise admitted it would not be able to generate sales as much as expected in the third quarter of this year. The potential decline in sales is attributed to a drop in orders triggered off by the worldwide financial setbacks.
SAP claimed its sales slumped towards the end of its fiscal third quarter. The company is anticipating a global software revenue in the third quarter to around $1.02 billion to $1.04 billion. This is only 4% to 5% increase from the previous year, way lower than the 20% boost expected by analysts.
SAP is the world’s second largest business software company and the third-largest independent software provider in terms of revenues. The company focuses on six industry sectors: process industries, discrete industries, consumer industries, service industries, financial services, and public services.
