Feeds

BO buy takes bloom off SAP Q2

But ERP giant dodges economic stormclouds

Choosing a cloud hosting partner with confidence

SAP weathered the intensifying economic storm to post solid second quarter results this morning that showed the German business software giant beating market expectations.

The tricky acquisition and integration of Business Objects depressed net profits 9 per cent compared to a year earlier, at €408m. That's a softer blow than many had expected however, and SAP was able to tweak its guidance towards the upper end of estimates.

On a non-GAAP basis, ignoring the Business Objects costs, net profits were up 8 per cent on Q2 2007 to €494m.

Total revenue for the three months to June 30 was up 18 per cent to €2.86bn. SAP's core software and software-related services business' revenues rose 21 per cent to €2.06bn. Full results are available here.

The strong showing has sent SAP shares up 6.83 per cent at time of writing.

Good news will be welcome in the firm's boardroom as Oracle turns the heat up in its long-running intellectual property theft lawsuit and user groups complain about enforced price rises. ®

Internet Security Threat Report 2014

More from The Register

next story
Bono apologises for iTunes album dump
Megalomania, generosity and FEAR of irrelevance drove group to Apple deal
Facebook, Apple: LADIES! Why not FREEZE your EGGS? It's on the company!
No biological clockwatching when you work in Silicon Valley
Doctor Who's Flatline: Cool monsters, yes, but utterly limp subplots
We know what the Doctor does, stop going on about it already
Happiness economics is bollocks. Oh, UK.gov just adopted it? Er ...
Opportunity doesn't knock; it costs us instead
'Cowardly, venomous trolls' threatened with TWO-YEAR sentences for menacing posts
UK government: 'Taking a stand against a baying cyber-mob'
Arab States make play for greater government control of the internet
Nerds told to get lost in last-minute power grab bid at UN meeting
Zippy one-liners, broken promises: Doctor Who on the Orient Express
Series finally hits stride, but Clara's U-turn is baffling
Don't bother telling people if you lose their data, say Euro bods
You read that right – with the proviso that it's encrypted
prev story

Whitepapers

Forging a new future with identity relationship management
Learn about ForgeRock's next generation IRM platform and how it is designed to empower CEOS's and enterprises to engage with consumers.
Win a year’s supply of chocolate
There is no techie angle to this competition so we're not going to pretend there is, but everyone loves chocolate so who cares.
Why cloud backup?
Combining the latest advancements in disk-based backup with secure, integrated, cloud technologies offer organizations fast and assured recovery of their critical enterprise data.
High Performance for All
While HPC is not new, it has traditionally been seen as a specialist area – is it now geared up to meet more mainstream requirements?
Saudi Petroleum chooses Tegile storage solution
A storage solution that addresses company growth and performance for business-critical applications of caseware archive and search along with other key operational systems.