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: Banjo's ability to track events in real time gives clients competitive edge

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

Mexico City proposes regulations for Uber

8 hours ago

Mexico City is proposing regulations that would allow Uber and other smartphone-based ride-sharing apps to operate, while requiring drivers and cars to be registered, the city's Office of Legal and Legislative Studies said ...

Shyp reclassifies contract couriers as employees

Jul 03, 2015

Shyp, the quickly growing startup that provides on-demand courier services, said Wednesday it would reclassify its contract workers as employees, becoming the latest high-profile tech company to change how it compensates ...

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.