SAP intends to reduce its global workforce to 48,500 staff by the end of this year, it said Wednesday. The company currently has more than 51,800 employees worldwide, according to its Web site.
The staff cuts will result in annual cost savings of
SAP's net income for the full year 2008 dropped 2 percent year on year, to
Despite the dip in full-year net income, SAP posted strong figures for the fourth quarter: Revenue from software and software-related services rose 8 percent year on year to
For the full year, software revenue totalled
The results include gains from January 21 last year from SAP's acquisition of French business intelligence software vendor Business Objects.
SAP said it expects the operating environment to continue to be challenging during the current year. It warned that a comparison between 2009 and 2008 may be difficult as the company posted strong results in the first half of 2008, before the economic crisis disrupted global markets.
The company said it would not provide a specific outlook for revenue from software and software-related services for 2009 because of the continued uncertainty surrounding the economic and business environment.