SAP reported slower growth in revenue for its fourth fiscal quarter and said it would significantly boost investments in products for midmarket companies.The enterprise software vendor reported total revenue for the three-month period ending Dec. 31 of 3 billion euros (US$3.9 billion), up 7 percent from the same quarter a year before. Net income was 799 million euros (US$1.04 billion), an increase of 29 percent from the previous year, SAP said.SAP had warned earlier this month that growth would be lower than it had originally expected, due to a slowdown in sales in the Americas and in the Asia Pacific region.The company announced it will invest an additional 300 million to 400 million euros over the next two years to grow its business among midmarket companies, where it sees untapped opportunities. The investments will lead SAP to generate lower operating margins for the first time, to between 26 percent and 27 percent for 2007, down from 27.3 percent in 2006.The company predicted 2007 revenue growth from software and related services would climb 12 percent to 14 percent from the year before, compared to growth in 2006 of 12 percent. -James Niccolai, IDG News Service (Paris Bureau)Related Links: SAP Warns of Q4 Sales Slowdown SAP Launches New All-in-One VersionCheck out our CIO News Alerts and Tech Informer pages for more updated news coverage. Related content brandpost Sponsored by Palo Alto Networks x Accenture Making sense of zero trust - why a managed SASE solution is the ideal option for enterprises Security leaders are turning to SASE as their preferred network security solution amid a new era of cloud-powered businesses working from anywhere. By CIO Contributor Nov 28, 2023 4 mins Network Security feature 8 tips for unleashing the power of unstructured data For most organizations, data in the form of text, video, audio, and other formats is plentiful but remains untapped. Here’s how to unlock business value from this overlooked data trove. By Bob Violino Nov 28, 2023 10 mins Data Mining Data Science Data Management opinion What you don’t know about data management could kill your business Organizations without a solid data management strategy are on a collision course with catastrophe. Unfortunately, that’s most businesses, judging by the fundamental disconnect on the importance of strong data foundations. By Thornton May Nov 28, 2023 6 mins Data Architecture Data Governance Master Data Management brandpost Sponsored by Dell Technologies and Intel® Gen AI without the risks Demystifying generative AI: Practical tips for cost-effective deployment in your organization. By Andy Morris, Enterprise AI Strategy Lead at Intel Nov 27, 2023 6 mins Artificial Intelligence Podcasts Videos Resources Events SUBSCRIBE TO OUR NEWSLETTER From our editors straight to your inbox Get started by entering your email address below. Please enter a valid email address Subscribe