Business software giant

SAP AG

(SAP) - Get Report

said fourth-quarter revenue rose 7% to 2.32 billion euro, while earnings rose slightly to 379 million euro, or 1.21 a share, from 375 million euro, or 1.19 a share, last year.

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The company said fourth-quarter operating income fell 8% to 613 million euro. Among regions, fourth-quarter revenue in Europe, the Middle East and Africa rose 6% to 1.2 billion euro; revenue in the Asia-Pacific region rose 8% to 248 million euro, and revenue in the Americas region rose 8% to 864 million euros.

Product revenue in the fourth quarter rose 5% to 1.6 billion euro, while license revenue was down 2% to 1.03 billion euro. Consulting and training revenue rose 11% to 572 million euro and 5% to 117 million euro, respectively.

"SAP expects 2002 to be another challenging year, as software sales trends continue to be unsettled in a tough economic environment. For the full year, SAP anticipates revenue to grow by around 15%, with stronger software license sales coming in the second half, in line with past quarterly developments," the company said.