SAP says profits up in first quarter

April 13, 2012

German software giant SAP said on Friday it was sticking to its full-year targets for 2012 after profits rose in the first three months.

"After a preliminary review of our first quarter 2012 performance... we are reiterating our full-year outlook," SAP said in a statement.

In the first three months, the group said it achieved record business in the Asia-Pacific and Japan region "and double-digit growth in many markets including and Germany."

Overall sales rose by 11 percent to 3.35 billion euros ($4.4 billion) in the January-March period and grew by 6.0 percent to 630 million euros.

Sales of software and software-related services rose by 12.4 percent to 2.63 billion euros.

The figures sparked a strong rally in SAP's on the Frankfurt stock exchange where the stock was the biggest gainer, rising 2.25 percent to 51.81 euros.

SAP said it was expecting a "strong" second quarter and, for the year as a whole, revenues from software and software-related services were projected to rise by 10-12 percent from 11.35 billion euros in 2011.

Operating profit was set to reach 5.05-5.25 billion euros, compared with 4.71 billion euros last year.

said it would publish detailed first-quarter results on April 25.

Explore further: SAP posts 12 percent gain in third quarter profit

Related Stories

SAP posts 12 percent gain in third quarter profit

October 27, 2010

SAP, the professional software giant, posted on Wednesday a third quarter net profit of 501 million euros (690 million dollars), a gain of 12 percent from the same period a year earlier.

SAP profits up strongly in third quarter

October 14, 2011

German software giant SAP said Friday its profits more than doubled in the third quarter thanks to strong sales and lower legal costs related to litigation with arch-rival Oracle.

German software giant SAP raises dividend

February 24, 2012

German software giant SAP said on Friday it would pay a substantially increased dividend to shareholders for 2011, its 40th anniversary year, which was its best-ever in terms of profits.

Recommended for you

Xbox gaming technology may improve X-ray precision

December 1, 2015

With the aim of producing high-quality X-rays with minimal radiation exposure, particularly in children, researchers have developed a new approach to imaging patients. Surprisingly, the new technology isn't a high-tech, high-dollar ...

Making 3-D imaging 1,000 times better

December 1, 2015

MIT researchers have shown that by exploiting the polarization of light—the physical phenomenon behind polarized sunglasses and most 3-D movie systems—they can increase the resolution of conventional 3-D imaging devices ...


Please sign in to add a comment. Registration is free, and takes less than a minute. Read more

Click here to reset your password.
Sign in to get notified via email when new comments are made.