SAP Q4 revenue rose 11 percent, beating forecasts
Business software maker SAP AG reported Friday that revenue increased 11 percent in the fourth quarter, driving a strong gain in operating earnings.
Sales rose to â‚¬4.50 billion ($5.75 billion) from â‚¬4.06 billion in the same quarter a year ago, beating analyst estimates of â‚¬4.34 billion. Operating earnings hit â‚¬1.67 billion, more than three times the â‚¬0.54 billion result from a year ago.
The company, based in Walldorf, Germany, credited stronger demand for its core business in enterprise software that helps companies manage functions such as personnel. It also cited stronger sales of its Hana in-memory computing technology that permits instant analysis of large amounts of data.
Operating earnings exclude one-time expenses and financial items. SAP will release detailed earnings including net profit on Jan. 25.
SAP shares closed 3.6 percent higher at â‚¬42.94 on Deutsche Boerse's Xetra stocks trading platform.