1、RESPONSIBLE LEADERSHIPSAP is committed to its customers,shareholders,and othermembers of the SAP community.PUTTING IDEAS INTO PRACTICESAPs solutions help customers succeed in a difficult market.FINDING A WORLD OF OPPORTUNITYSAP maximizes current potential to take the lead innew markets.INNOVATING FO
2、R THE FUTURESAP invests in research and development and gives itsemployees freedom to be creative.THE SPIRIT OF INNOVATIONSAP ANNUAL REPORT 2003SAP AGNeurottstrasse 1669190 WalldorfGermanySAP ANNUAL REPORT 2003THE SPIRIT OF INNOVATIONIMPRINTSAP AGGlobal CommunicationsKuhn,Kammann&Kuhn AG,Cologne/Mun
3、ich,GermanyMichael Wiegmann,Cologne,GermanySonja May,Wiesloch,Germany(page 46)Wolfgang Scheible,Stuttgart,Germany(pages 16,17)ColorDruck GmbH,Leimen,Germany2004 SAP AGNeurottstrasse 1669190 WalldorfGermanySAP,the SAP Logo,R/3,mySAP,and mySAP.com,xApps,xApp,and SAP NetWeaver are trademarks or registe
4、redtrademarks of SAP AG in Germany andin several other countries all over the world.All otherproducts mentioned are trademarks or registeredtrademarks of their respective companies.This English translation of the German SAP annual report is provided for convenience only.The Germanoriginal is definit
5、ive.Overall responsibilityDesign and productionPhotographyPrintingCopyrightTrademarks Total Revenuein millions|change since previous year5,1106,2657,3417,4137,025+18%+23%+17%+1%5%7,5006,0004,5003,0001,500019992000200120022003License Revenuein millions|change since previous year1,9322,4592,5812,2912,
6、148+2%+27%+5%11%6%2,5002,0001,5001,000500019992000200120022003Operating Income1)in millions|change since previous year9371,2431,4711,6881,880+2%+33%+18%+15%+11%1,5001,2009006003000199920002001200220031)Before stock-based compensation andacquisition-related chargesNet Incomein millions|change since p