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SAP Second-Quarter Software License Sales Miss Estimates

SAP AG, the biggest maker of business-management software, reported its first software-sales decline in more than three years and abandoned its revenue forecasts as Asian customers withheld spending.

Software licenses, an indicator of future income, fell about 3 percent to 982 million euros ($1.3 billion) excluding currency swings. That compared with the 1.02 billion-euro average estimate of seven analysts compiled by Bloomberg and marked the first decrease since the fourth quarter of 2009. Software sales from Asia dropped 9 percent, led by Australia and Japan, Walldorf, Germany-based SAP said today.