Organic GrowthBy Reuters | Posted 2008-01-30 Email Print
The German software maker has not ruled out more acquisitions, despite still integrating its Business Objects buy.
Chief Executive Henning Kagermann told a news conference SAP would not pass up future acquisition opportunities if they were good enough, despite the fact that the company will be busy with the Business Objects integration for a while.
"If the right opportunity were to present itself it would be absolutely false not to pursue it -- regardless of our general strategy," said Kagermann, acknowledging that the such a large acquisition was a departure from SAP's organic growth policy.
Indirectly, the weakening U.S. economy cost SAP 366 million euros in sales and 129 million euros in operating income in 2007 due to the decline in the U.S. dollar, SAP said.
In the fourth quarter, SAP's quarterly operating profit rose 2 percent to 1.112 billion euros, while net profit fell 6 percent to 756 million.