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SAP Reports 22% Growth in Software Revenues for the 2006 First Quarter

SAP AG today announced its preliminary financial results for the first quarter ended March 31, 2006. Highlights of the results are as follows.

Software revenues were euro 528 million for the first quarter of 2006 (2005: euro 434 million), representing an increase of 22% compared to the same period in 2005. At constant currencies, software revenues increased 14%.

Total revenues for the first quarter of 2006 were euro 2.04 billion (2005: euro 1.73 billion), which was an increase of 18% compared to the first quarter of 2005. At constant currencies(1), total revenues increased 13%.

Software revenues in the Americas region increased 47% (30% at constant currencies) to euro 228 million for the first quarter of 2006. In the U.S., software revenues rose 25% to euro 165 million (2005: euro 131 million). At constant currencies(1), software revenues in the U.S increased 15%.

The Company expects full-year 2006 product revenues to increase in a range of 13% - 15% compared to 2005. This growth rate is based on the Company’s expectation for full-year 2006 software revenue growth in a range of 15% - 17% compared to 2005.

More information @ www.sap.com/investor.

 [April 20, 2006]


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