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Loss-making hardware sales were allegedly being reported as software revenues.
Software revenues were flat at $3.8 billion (or down 2percentt in constant dollars) compared with a year ago.
EMC, which spent $3.6 billion acquiring Legato Systems, Documentum and VMware last year to decrease its reliance on hardware, reported that software revenues were up 64percentt from a year ago and services revenues up 45percentt.
Assuming the hardware is sold at break-even, that means $4.4 billion in software revenues over five years, or $880m a year, from which the costs of running the gaming division must be deducted.
SAP's results were a stark contrast with last month's showing by Oracle, which reported a 7 percent rise in software revenues and a 10 percent drop in hardware revenues.
For fiscal 1999, software revenues were $48 million, up 409%, versus $9.4 million in software revenues the prior year.
Similar(33)
Software revenue rose 1 percent.
Software revenue advanced 1.7percentto to $3.2 billion.
Software revenue was down slightly to $2.9 billion.
Software revenue declined 3percentt in the quarter, to $2.9 billion.
Total software revenue was up 21percentto to $4.2 billion.
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