SAP Q2 profits leap 78 per cent
Reporting software must be working somewhere
SAP has said its Q2 profits rose 78 per cent, and that it expects that sales for all 2001 top grow by more than 20 per cent.
The business management software vendor reported net income rose to 206 million euros ($180 million), up from 116 million euros ($101.49 million) a year earlier.
Sales climbed 24 per cent to 1.85 billion euros ($1.62 billion)
SAP software has notoriously been a sod to implement but it must be delivering the goods for customers. Which makes a bit of a contrast to the brickbats that Oracle's E-Business Suite has been getting.
Yesterday we revealed that the Oracle software hadn't helped Cisco see the telecoms downturn, and left it saddled with $2.2 billion in excess inventory at the end of the quarter. The day before Marconi insiders had pointed to an Oracle implementation as one reason why it was in such financial trouble. ®