
SAP AG (NYSE: SAP) announced today that after a preliminary review of its 2005 fourth quarter results, it expects full-year 2005 software revenues to be approximately €2,780 million, representing an increase of 18% (15% at constant currencies1) compared to full-year 2004 software revenues of €2,361 million. The expected 2005 software revenue growth of 18% exceeds the Company’s previously published guidance of a range of 12% - 14% growth.
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