No. 3

No. 3

SAP (SAP)

Country: Germany
Revenue (Millions): 16,093
Revenue Growth: 13%
Return on Equity: 27%
Shareholder Return: -9%br>
Last quarter, the software giant's product revenues plunged 33%, but revenues from services and support helped fill the gap. Adapting to hard times, SAP is pushing smaller and less costly software packages. Its biggest challenge looms in the future: Will it be able to manage an expected shift to cloud computing by companies that now do most of their computing in-house?