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SAP EXPECTS 50% REVENUE GROWTH IN INDIA BY NEXT YEAR.

AsiaPulse News

| September 02, 2002 | COPYRIGHT 2002 Asia Pulse Pty Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

BANGALORE, Sept 2 Asia Pulse - SAP Labs, the world's leading e-business solutions provider, envisaged a 50 per cent growth in its revenue by next year in India, Clas Neumann, company Joint Managing Director, said here on Friday.

SAP Labs, which has invested 125 million Euros so far in the country in the last 6 years, has been earning a revenue of 25 million Euros per annum, he said, speaking at the ground breaking ceremony of the SAP's largest development facility in Asia Pacific, coming up here.

An investment of 20 million Euros has been made so far in this facility here, which is the second biggest outside Germany, despite the economic slowdown, Neumann said.

The facility located on the outskirts of the city, spread over 15 acres of land with a built-up area of 200,000 ...

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Source: HighBeam Research, SAP EXPECTS 50% REVENUE GROWTH IN INDIA BY NEXT YEAR.

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