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SAP Jr. (Business Objects) ups revenues 20 percent 30 January, 2008 Business Objects has announced results for the fourth quarter and fiscal year ended December 31, 2007. On January 21, 2008, Business Objects became a majority-owned subsidiary of SAP AG. For the fourth quarter of fiscal year 2007: total revenues were $444 million (US), up 20 percent year-over-year; license revenues were $199 million, up 11 percent year-over-year; maintenance revenues were $177 million, up 29 percent year-over-year; services and other revenues, including consulting and training, were $68 million, up 26 percent year-over-year; U.S. GAAP diluted earnings per share were $0.14, versus $0.37 in the fourth quarter of 2006. For fiscal year 2007: total revenues were $1.510 billion, up 20 percent year-over-year; license revenues were $624 million, up 11 percent year-over-year; maintenance revenues were $636 million, up 28 percent year-over-year; services and other revenues, including consulting and training, were $250 million, up 28 percent year-over-year; and U.S. GAAP diluted earnings per share were $0.55, versus $0.79 in fiscal year 2006.
"We had another very solid year in 2007, with revenues exceeding the $1.5 billion milestone and double-digit year-over-year growth in all geographies," said John Schwarz, CEO of Business Objects. "Despite integration distractions and weakness in the financial sector over the second half of 2007, we continued to grow and prosper with new solution offerings for customers, numerous innovative product launches, acquisitions, and alliances that expand our reach. Now in combination with SAP, we expect to improve our access to CIOs, CFOs and other line-of-business executives to help them transform their organizations by connecting people, information and businesses." More information can be found at www.businessobjects.com.
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