SAP is providing the following outlook for the full-year 2009:

SAP continues to expect its full-year 2009 Non-GAAP operating margin, which excludes a non-recurring deferred support revenue write-down from the acquisition of Business Objects and acquisition-related charges, to be in the range of 25.5% – 27.0% at constant currencies. This includes one-time restructuring charges of €200 million expected to result from the reduction of positions, which negatively impact the Non-GAAP operating margin outlook by approximately 2 percentage points. The 2009 Non-GAAP operating margin outlook is now based on the assumption that 2009 Non-GAAP software and software-related service revenues, which exclude a non-recurring deferred support revenue write-down from the acquisition of Business Objects, will decline in a range of 6% – 8% at constant currencies (2008: €8.623 billion).

SAP updated its outlook for the 2009 tax rate to 27.0% - 28.0% from the previously expected 2009 tax rate of 29.5% - 30.5.5% (based on U.S. GAAP income from continuing operations for 2009 (2008: 30.0%).

The outlook is repeated here for informational purposes only and is in no way an update to the outlook provided earlier. SAP is under no obligation to update this outlook.