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Artificial Intelligence: Article

Oracle Damages Hurt SAP Profits

Its Q4 earnings were off 36% after it set aside $1.3 billion to pay the record damages Oracle won in court last year

SAP's Q4 earnings were off 36% after it set aside $1.3 billion to pay the record damages Oracle won in court last year.

Revenues were up 27%, beating its own forecasts, and it plans to increase its dividend 20%. It expects its operating profit to be up ~16% this year to at least $6.1 billion on heightened spending in the US and emerging markets tickled by analytics and Sybase's mobile contribution to SAP applications. Software revenues should be up 10%-14%, roughly what it did last year.

The company's re-launched web-based Business ByDesign software reportedly had over 250 customers at the end of Q4. The company is hoping to boost the number to 1,000 this year. It's expecting to add a ByDesign for Subsidiaries this half.

SAP, which was found guilty of ripping off Oracle's software and documentation on a massive scale thanks to its TomorrowNow subsidiary, is still hoping the judge reduces the size of what it claims is a "disproportionate and wrong" jury award.

It will file post-trial motions once the court enters a final judgment asking for lower damages or a new trial. Otherwise it may appeal.

The judge ruled in December that SAP also has to pay Oracle about $16.5 million in interest.

Going into the trial SAP set aside $160 million to cover damages.

More Stories By Maureen O'Gara

Maureen O'Gara the most read technology reporter for the past 20 years, is the Cloud Computing and Virtualization News Desk editor of SYS-CON Media. She is the publisher of famous "Billygrams" and the editor-in-chief of "Client/Server News" for more than a decade. One of the most respected technology reporters in the business, Maureen can be reached by email at maureen(at)sys-con.com or paperboy(at)g2news.com, and by phone at 516 759-7025. Twitter: @MaureenOGara

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