Cloud-computing boosts German software giant SAP

Jan 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: Mexico City proposes regulations for Uber

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 profits up 23 percent as cloud computing grows

Oct 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.

German drug maker Merck ups forecast for 2013

Nov 14, 2013

German chemicals and pharmaceuticals giant Merck KGaA said Thursday it is raising its full-year operating profit forecast thanks to improving sales and positive cost-cutting effects.

Recommended for you

Mexico City proposes regulations for Uber

Jul 04, 2015

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.