SAP 2nd-quarter profit up 20 percent

Tue, 07/26/2011 - 10:05am
The Associated Press

Business software maker SAP AG says its second-quarter earnings rose by 20 percent compared with a year earlier on a strong increase in revenue.

SAP said Tuesday that it earned €588 million ($845 million) in the April-June period — up from €491 million a year earlier.

Total revenue was up 14 percent at €3.3 billion. Revenue from software and software-related services also rose 14 percent to €2.58 billion.

The company, based in Walldorf, Germany, says it is lifting its full-year outlook in light of its second-quarter performance and "improved visibility" for the year's second half. It says it expects to reach the high end of the revenue and operating profit ranges it had previously given.


Share this Story

You may login with either your assigned username or your e-mail address.
The password field is case sensitive.