SAP was founded in 1972 and today they are recognized as the world's largest inter-enterprise software company. Their products cater to various sectors of industry and every dynamic market. Their diverse software products have placed them as the third largest independent software supplier and their continuing excellence makes them a premier software company. The superb technological advances they have achieved in software have allowed SAP to maintain a high regard of respect from other major corporations in their industry. By implementing user-friendly software programs they have crafted a service and development resource that has allowed these major corporations to create an efficient supply chain and increase customer relations in
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This has become apparent throughout the years as they continued to build their clientele. Their business solutions have paved the way making them the leading vendor in e-business. The quality and professionalism fostered at SAP has given the company a positive reputation. This has made SAP the software company of choice for managers seeking to streamline their businesses.
SAP can be currently found on the Frankfurt and New York Stock Exchanges. Their symbol can be identified as "SAP," respectively. The company's net income in 2003 reached beyond the levels as the years before as SAP reached a new corporate record. With their net income reported as 1.1 billion and their total revenue as 7.0 billion, SAP continues set the bar for their competitors.
The beginning of 2004 brought with it a change in the list of competitors for SAP. These companies have cornered the market in providing major global business applications. In 2003, SAP's peer group included I2 Technologies, Inc., Oracle Corp., PeopleSoft, Inc., and Seibel Systems. But the beginning of 2004 brought a changing of the guard with the conglomerate Microsoft taking the place of I2 Technologies. This change brings with it a stronger competitor in that of Microsoft. It will be interesting to see if SAP can remain at the top of the list for another year.