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Jason Stamper's Blog
SAP cocks up its figures
July 19, 2007
For a company that is meant to help enterprises gain better control of their financial and other business processes, there will be ashen faces at SAP after it put out preliminary Q2 figures with a glaring error. At least, an error that we spotted (so yes, well done CBR).
As you can see, the firm has inaccurately labeled its total revenue (2.4bn Euros) as 'cost of software and software related services'. The figure for that item is listed correctly below as -309m Euros.
It's just as well that it doesn't have cost of software and services of 2.4bn Euros, because if it did it would have seen an operating loss of over 4bn Euros.
As it is, all it has lost is a little face. Still, these are after all unaudited figures, so surely the firm will have its figures correct once a few consultants have crawled all over them?
Comments
Well spotted Jason. One in the eye for GRC?
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