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SAP Announces 2000 First Quarter Results (Ad Hoc News)

WALLDORF, Germany - April 19, 2000 - SAP AG (NYSE: SAP), the leading provider of inter-enterprise software solutions, today announced its results for the quarter ended March 31, 2000.

In the first quarter of 2000, total revenue rose 10% over the first quarter of 1999 to &1.18 billion (1999 Q1: &1.08 billion). Pre-tax profit in the quarter before charges for the employee stock appreciation rights program (STAR) was up 114% to &334 million (1999 Q1: &156 million); pre-tax profit including STAR decreased 45% to &95 million (1999 Q1: &172 million). Financial and other non-operating income was &206 million (1999 Q1: &-2 million). Net income for the quarter was down 43% to &56 million (1999 Q1: &98 million).

"SAP was prepared for a challenging first quarter – and we got it. While we are satisfied with the numbers, we are committed to moving even faster and executing even more effectively," remarked Henning Kagermann, Co-Chairman and CEO of SAP AG. "Competition for Web-based products, particularly in the U.S., has been fierce, and we will continue to invest considerable resources to strengthen the mySAP.com momentum. Looking forward, our overall pipeline is healthy, and we expect a stronger software sales activity in the second and third quarters."

Any statements contained in this document that are not historical facts are forward-looking statements as defined in the U.S. Private Securities Litigation Reform Act of 1995. Words such as "anticipate," "believe," "estimate," "expect," "forecast," "intend," "may," "plan," "project," "predict," "should," and "will" and similar expressions as they relate to SAP are intended to identify such forward-looking statements. SAP undertakes no obligation to publicly update or revise any forward-looking statements. All forward-looking statements are subject to various risks and uncertainties that could cause actual results to differ materially from expectations. The factors that could affect SAP's future financial results are discussed more fully in SAP's filings with the U.S. Securities and Exchange Commission ("SEC"), including SAP's most recent Annual Report on Form 20-F filed with the SEC. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of their dates.

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