Cloud-computing boosts German software giant SAP

January 10, 2014
A man takes a picture of the logo of German software giant SAP at the company's headquarter in Walldorf, southern Germany on October 22, 2013

German software giant SAP said on Friday that cloud-computing boosted sales and earnings in the fourth quarter of 2013 and the year as a whole.

Cloud computing is a term used to cover many functions of external and shared resources to provide computer services such as the distant storage of information.

According to preliminary figures, SAP's underlying or operating profit rose by 10 percent to 4.47 billion euros ($6.1 billion) in the whole of 2013 and revenues advanced by 4.0 percent to 16.81 billion euros.

In the fourth quarter alone, was up 13 percent at 1.8 billion euros and sales grew by 2.0 percent to 5.1 billion euros.

The said it would publish more details of the earnings figures on January 21.

Explore further: SAP says profits up in first quarter

Related Stories

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.

SAP says earnings up 18% in second quarter

July 24, 2012

German software giant SAP said Tuesday that bottom-line profits grew sharply in the second quarter of this year as software sales topped record levels.

SAP profits up 23 percent as cloud computing grows

October 21, 2013

Business management software company SAP AG says net profit rose 23 percent in the third quarter as its cloud computing business grew rapidly and the company kept down costs by holding down hiring of new employees.

Recommended for you

How to curb emissions? Put a price on carbon

September 3, 2015

Literally putting a price on carbon pollution and other greenhouse gasses is the best approach for nurturing the rapid growth of renewable energy and reducing emissions.

Customizing 3-D printing

September 3, 2015

The technology behind 3-D printing is growing more and more common, but the ability to create designs for it is not. Any but the simplest designs require expertise with computer-aided design (CAD) applications, and even for ...

0 comments

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.