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: Google's new CFO gets $70M for defecting from Morgan Stanley

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

Jury decides Silicon Valley firm did not discriminate

4 hours ago

A jury decided Friday that a prestigious venture capital firm did not discriminate or retaliate against a female employee in a case that shined a light on gender imbalance and working conditions for women ...

Intel in talks with Altera on tie-up

4 hours ago

US tech giant Intel is in talks with rival Altera on a tie-up to broaden the chipmaker's product line amid growth in Internet-connected devices, the Wall Street Journal reported Friday.

Apple chief Cook to give his wealth away: Fortune

9 hours ago

Apple chief Tim Cook is joining Mark Zuckerberg, Bill Gates and other technology titans who have vowed to donate their wealth to charities, according to a report in Fortune magazine.

BlackBerry tops 4Q profit forecasts

13 hours ago

BlackBerry posted a surprise profit in the fourth quarter, but saw a sharp drop-off in revenue as the once-iconic smartphone company said it reached the halfway mark of its turnaround effort.

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.