Feeds

SAP Q2 sales up 12% despite gloomy Euro market

Tucks Sybase up in bed

Combat fraud and increase customer satisfaction

German business software maker SAP AG reported US second quarter sales growth that offset a licence revenues slump in the European market.

Total sales grew 12 per cent to nearly €2.9bn from €2.6bn in the same period a year earlier.

Overall software and software-related services revenues for the period climbed 16 per cent to €2.26bn from €1.95bn last year.

Pre-tax profit hit €491m in the three months ended 30 June, up from €426m in the company's 2009 Q2.

"We had outstanding growth in strategic markets like the US and we saw continued double-digit growth in key emerging markets in Latin America and Asia," said co-CEO Bill McDermott.

However, while the results were healthy in the US and other markets, McDermott admitted to Reuters that "Europe was probably the only place that we can't declare victory in the terms of the second quarter and the macro overall trend".

SAP also confirmed it had completed the $5.8bn takeover of US database software vendor Sybase Inc, which the European Commission cleared last week.

The firm expects full-year software and software-related revenue to increase by between nine and 11 per cent in constant currency terms, including the addition of Sybase technology to its portfolio. ®

3 Big data security analytics techniques

More from The Register

next story
Dropbox defends fantastically badly timed Condoleezza Rice appointment
'Nothing is going to change with Dr. Rice's appointment,' file sharer promises
Audio fans, prepare yourself for the Second Coming ... of Blu-ray
High Fidelity Pure Audio – is this what your ears have been waiting for?
Did a date calculation bug just cost hard-up Co-op Bank £110m?
And just when Brit banking org needs £400m to stay afloat
Sorry London, Europe's top tech city is Munich
New 'Atlas of ICT Activity' finds innovation isn't happening at Silicon Roundabout
MtGox chief Karpelès refuses to come to US for g-men's grilling
Bitcoin baron says he needs another lawyer for FinCEN chat
Zucker punched: Google gobbles Facebook-wooed Titan Aerospace
Up, up and away in my beautiful balloon flying broadband-bot
Apple DOMINATES the Valley, rakes in more profit than Google, HP, Intel, Cisco COMBINED
Cook & Co. also pay more taxes than those four worthies PLUS eBay and Oracle
prev story

Whitepapers

Top three mobile application threats
Learn about three of the top mobile application security threats facing businesses today and recommendations on how to mitigate the risk.
Combat fraud and increase customer satisfaction
Based on their experience using HP ArcSight Enterprise Security Manager for IT security operations, Finansbank moved to HP ArcSight ESM for fraud management.
The benefits of software based PBX
Why you should break free from your proprietary PBX and how to leverage your existing server hardware.
Five 3D headsets to be won!
We were so impressed by the Durovis Dive headset we’ve asked the company to give some away to Reg readers.
SANS - Survey on application security programs
In this whitepaper learn about the state of application security programs and practices of 488 surveyed respondents, and discover how mature and effective these programs are.