SAP confirms forecasts after 'solid' first quarter

Apr 19, 2013

German software giant SAP said Friday it is standing by its forecast fpr double-digit increases in both sales and profits this year after a "solid" first quarter.

"SAP had a solid start to 2013," with revenues from software and cloud computing business rising by 23 percent to 824 million euros ($1.1 billion), the group said in a statement.

Total revenues advanced by 8.0 percent to 3.636 billion euros in the period from January to March, operating profit was up 8.0 percent at 901 million euros and grew by 18 precent to 689 million euros, the statement said.

On the basis of the first-quarter numbers, SAP said it "reiterates the outlook for the full year", with revenues from software and cloud computing projected to rise by 14-20 percent from 5.0 billion euros last year.

Sales from software and software-related services would rise by 11-13 percent in 2013 from 13.25 billion euros in 2012 and would amount to 5.85-5.95 billion euros, compared with 5.21 billion euros, said.

Explore further: Uber says outside review shows customer data safe, private

add to favorites email to friend print save as pdf

Related Stories

SAP says profits up in first quarter

Apr 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.

SAP says profits up in first quarter

Apr 25, 2012

German software giant SAP said Wednesday it was sticking to its full-year targets for 2012 after net profit rose 10 percent in the first three months.

SAP profits up strongly in third quarter

Oct 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

Feb 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

Airbnb to expand tax collection efforts

Jan 30, 2015

Online lodging operator Airbnb is expanding its efforts to collect local taxes, responding to complaints that it competes unfairly with the hotel sector.

Jay Z to acquire Wimp music service

Jan 30, 2015

US rap star Jay Z will make a $56-million foray into the music streaming business by taking over the Norwegian service Wimp, its shareholders confirmed Friday.

How can Google snap its stock out of its stupor?

Jan 30, 2015

Google has turned into a stock market laggard as the shift to mobile devices has lowered the Internet search leader's digital ad prices and the company's expensive investments in far-out technology has trimmed ...

User comments : 0

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.