In 1972, five former IBM employees founded SAP. Their vision was to develop standard application software for real-time processing.
What products and services does SAP offer?
SAP is a world leader in business solutions, offering comprehensive software and services that address the unique needs of customers around the world. More information can be found on the SAP Solutions page.
What does the acronym "SAP" stand for?
"SAP" stands for Systems, Applications, and Products in Data Processing.
Where can I find information about the SAP Executive Board?
Access the Executive Board page for information about the SAP Executive Board.
What is SAP's current headcount?
Reflecting its success, SAP hired many highly qualified professionals during 2007, strengthening our foundation for future success and continued growth. The number of full-time employees grew by 6,448 in 2007, of which some 500 were related to acquisitions. At the end of the year, SAP employed 44,023 people worldwide, of whom 14,749 were located in Germany.
SAP recognizes that we must continuously improve our portfolio of innovative products to maintain our leading position as a vendor of business software. R&D expenses grew 9% in 2007 to €1,458 million. The portion of total revenue that SAP spent (based on the adjusted measure) on R&D in 2007 was unchanged at 14%. Expenses for R&D include employee salaries and costs for externally procured development activities.
A credit rating is a qualified assessment and formal evaluation of a company's creditworthiness and capability of repaying outstanding obligations on time. Credit ratings are especially interesting for companies issuing corporate bonds on the capital market in order to gain additional liquidity in the form of debt.
SAP does not have a credit rating from rating agencies such as Standard & Poor's or Moody's because of our sound liquidity situation and minimal debt.
Do SAP employees participate in the company's success?
SAP offers our employees and managers various investment programs, such as the STAR, LTI, and SOP Plans as well as the Incentive Plan 2010.
What are the largest competitors of SAP?
Our main competitors are Microsoft and Oracle.
When will SAP announce its next quarterly figures?
Announcement dates are listed on our Financial Calendar.
Which accounting standard does SAP use for its annual financial statements?
Since 2008, SAP prepares its consolidated financial statements in accordance with International Financial Reporting Standards (IFRS) endorsed by the European Union (EU). In addition to providing the disclosures required under IFRS, the notes to our statements contain a great deal of additional detail, which we provide voluntarily.
For more information please refer to the section "Full migration of SAP's financial reporting from U.S. GAAP to IFRS"
In what currency are SAP's results reported?
SAP is a European company, so our results are reported in euros.
Where can I read current SAP business and financial news?
Current SAP business and financial news are listed under Financial News and in the Press Room.
Where can I order SAP's latest annual report?
You can order annual reports through our Information Order Service.
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