SAP Cuts 3,000 Jobs, Reports Strong Q4 Earnings

sap SAP Cuts 3,000 Jobs, Reports Strong Q4 EarningsSoftware maker SAP has announced it will cut 3,000 jobs of its 51,530 total headcount. The job cuts are expected to save the company $460 million annually. SAP has over 76,000 customers. SAP has also just released strong Q4 earnings. Q4 Highlights: Non-GAAP Operating Income Increased 24% at Constant Currencies - Non-GAAP Operating Margin Grew by 1.1 Percentage Points at Constant Currencies - Non-GAAP Earnings Per Share Increased 16% - Company Expects a Continued Challenging Environment in 2009


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