8-K

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT
Pursuant to Section 13 or 15(d) of
the Securities Exchange Act of 1934

July 6, 2005

Date of Report (Date of Earliest Event Reported)

BUSINESS OBJECTS S.A.

(Exact name of Registrant as specified in its charter)

Republic of France	0-24720	98-0355777
(State or other jurisdiction of incorporation)	(Commission File Number)	(I.R.S. Employer Identification Number)

157-159 rue Anatole France, 92300 Levallois-Perret, France

(Address of principal executive offices)

(408) 953-6000

(Registrant’s telephone number, including area code)

(Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

TABLE OF CONTENTS

	Item 8.01 Other Events
	Item 9.01 Financial Statements and Exhibits.
SIGNATURE
EXHIBIT 99.1

Item 8.01 Other Events

On July 7, 2005, Business Objects S.A. (the “Company”) issued a press release indicating that the staff of the United States Securities and Exchange Commission had informed the Company by a letter dated July 6, 2005 that it had terminated its informal inquiry without recommendation for any enforcement action.

A copy of the press release issued is attached hereto as Exhibit 99.1.

Item 9.01 Financial Statements and Exhibits.

Exhibit
Number	Description
99.1	Press release dated July 7, 2005

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SIGNATURE

     Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

Date: July 12, 2005

BUSINESS OBJECTS S.A.
By:	/s/ James R. Tolonen
	James R. Tolonen
	Chief Financial Officer and Senior Group Vice President

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EXHIBIT INDEX

Exhibit
Number	Description
99.1	Press release dated July 7, 2005

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EX-99.1

Exhibit 99.1

FOR IMMEDIATE RELEASE

Investor Contact:
Krista Bessinger
BUSINESS OBJECTS
408/953-6349
Krista.bessinger@businessobjects.com

Anne Guimard
European Investor Relations
BUSINESS OBJECTS
+ 33 1 41 25 39 19
Anne.guimard@businessobjects.com

Press Contact:
Randy Cairns
BUSINESS OBJECTS
408/953-6036
Randy.cairns@businessobjects.com

Peter Olson
BUSINESS OBJECTS
408/ 953-6230
Peter.olson@businessobjects.com

BUSINESS OBJECTS ANNOUNCES THAT THE
SEC INQUIRY HAS BEEN TERMINATED

SAN JOSE, Calif. and PARIS, France — July 7, 2005 — Business Objects (Nasdaq: BOBJ; Euronext Paris ISIN code: FR0004026250 — BOB), the world’s leading provider of business intelligence (BI) solutions, today announced that it has been informed by the staff of the Securities and Exchange Commission (SEC) that it has terminated its informal inquiry without recommendation for any enforcement action.

This concludes the matter referenced in a company press release issued in August 2004. That release announced that the SEC staff had notified the company by means of a Wells notice that it intended to recommend to the SEC that a civil action be initiated against Business Objects, alleging that the company violated provisions of the Securities and Exchange Act of 1934 relating to periodic reporting requirements.

About Business Objects
Business Objects is the world’s leading business intelligence (BI) software company. With more than 30,000 customers worldwide, including over 80 percent of the Fortune 500, Business Objects helps organizations gain better insight into their business, improve decision making, and optimize

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enterprise performance. The company’s business intelligence platform, BusinessObjects™ XI, offers the BI industry’s most advanced and complete platform for reporting, query and analysis, performance management, and data integration. BusinessObjects XI includes Crystal Reports^®, the industry standard for enterprise reporting. Business Objects has also built the industry’s strongest and most diverse partner community and offers consulting and education services to help customers effectively deploy their business intelligence projects.

Business Objects has dual headquarters in San Jose, Calif., and Paris, France. The company’s stock is traded on both the Nasdaq (BOBJ) and Euronext Paris (ISIN: FR0004026250-BOB) stock exchanges. More information about Business Objects can be found at www.businessobjects.com.

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Business Objects and the Business Objects logo, BusinessObjects, and Crystal Reports are trademarks or registered trademarks of Business Objects S.A. or its affiliated companies in the United States and/or other countries. All other names mentioned herein may be trademarks of their respective owners.