LETTER TO THE SHAREHOLDERS

2006 was an important year for SAP. We achieved a number of significant milestones towards our long-term growth targets for 2010.

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FINANCIAL SUMMARY

With world-class software, value-added services, and unparalleled expertise addressing the unique demands of organizations in more than 25 industries and over 120 countries, SAP continues to grow its market share ...

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MARKETS AND OPPORTUNITIES

Our customers’ requirements are evolving as fast as the
technology advances and arising industry challenges in the established and emerging markets we serve.

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