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SAP AG Rising on Revenue Forecast

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SAP AG

(SAP) - Get Report

was gaining in the premarket session after saying it expects fourth-quarter software license revenue of more than 1 billion euros.

The company said the performance will lift full-year 2001 revenue by 16%, and said operating margins excluding various items will be around 20%.

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The Walldorf, Germany, business software giant said it expects the near-term market environment to remain challenging.

On Instinet, the company's securities were rising $2.28, or 7%, to $35.50.