In its previous outlook provided on July 29, 2008, SAP had expected full-year 2008 Non-GAAP software and software-related service revenues to increase at the upper end of the range of 24% – 27% at constant currencies and full-year 2008 Non-GAAP operating margin to be at the upper end of the range of 28.5% – 29.0% at constant currencies.

In light of the uncertainties surrounding the current economic and business environment, SAP decided to no longer provide a specific outlook for Non-GAAP software and software-related service revenues for the full-year 2008. However, with recent cost savings initiatives in place, SAP expects the full-year 2008 Non-GAAP operating margin, which excludes a non-recurring deferred support revenue write-down of €180 million from the acquisition of Business Objects and acquisition-related charges, to be around 28% at constant currencies if SAP can increase Non-GAAP software and software-related service revenues, excluding a non-recurring deferred support revenue write-down from the acquisition of Business Objects, in a range between 20% – 22% at constant currencies for the full year 2008.

SAP continues to project an effective tax rate of 31.0% - 31.5% (based on U.S. GAAP income from continuing operations) for 2008.

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.