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Software giant SAP cuts 2008 revenue forecast

The world leader in business software, German IT giant SAP, said Monday that it had dropped its 2008 financial targets because of the uncertain economic environment.

Software giant SAP cuts 2008 revenue forecast
Photo: DPA

“In light of the uncertainties surrounding the current economic and business environment, the company decided to no longer provide a specific outlook” for software and software-related revenues, a statement said.

SAP had initially hoped to increase software license sales by 24-27 percent this year at constant exchange rates. Its operating margin margin forecast was lowered to 28 percent from 29 percent previously.

The group said a few weeks ago that it had suffered a “brutal” drop in orders, but published third quarter figures that were generally in line with analysts’ expectations. Net profit in the three-month period fell by 5.0 percent to €388 million ($482 million).

FRANKFURT

Emergency numbers fail in several German states

Callers to the emergency numbers 110 and 112 weren’t able to reach operators Thursday morning in several German states.

The 112 emergency number on an ambulance.
The 112 emergency number on an ambulance. Photo: picture alliance/dpa | Boris Roessler

The emergency number 110 for police and 112 for fire crews failed around the country early Thursday morning, with callers unable to reach emergency operators for urgent assistance between about 4:30 am and 5:40 am local time.

The Office for Civil Protection and Disaster Aid is looking into these outages, which were reported in states including Lower Saxony, Baden-Württemberg, and  Brandenburg, and in major cities like Berlin, Cologne, Hamburg, and Frankfurt. Cologne was further affected by cuts to electricity, drinking water, and regular telephone services. Lower Saxony also saw disruptions to the internal phone networks of police and hospitals.

Emergency services are not reporting any more disturbances and people should be able to once again reach 110 and 112 around the country as normal.

Investigators are looking into the problem, but haven’t yet established a cause or any consequences that may have happened due to the outage. Provider Deutsche Telekom says they have ruled out the possibility of an attack by hackers.

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