Feeds

SAP Q2 sales up 12% despite gloomy Euro market

Tucks Sybase up in bed

Internet Security Threat Report 2014

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. ®

Beginner's guide to SSL certificates

More from The Register

next story
Facebook pays INFINITELY MORE UK corp tax than in 2012
Thanks for the £3k, Zuck. Doh! you're IN CREDIT. Guess not
DOUBLE BONK: Testy fanbois catch Apple Pay picking pockets
Users wail as tapcash transactions are duplicated
Happiness economics is bollocks. Oh, UK.gov just adopted it? Er ...
Opportunity doesn't knock; it costs us instead
Google Glassholes are UNDATEABLE – HP exec
You need an emotional connection, says touchy-feely MD... We can do that
YARR! Pirates walk the plank: DMCA magnets sink in Google results
Spaffing copyrighted stuff over the web? No search ranking for you
prev story

Whitepapers

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.
A strategic approach to identity relationship management
ForgeRock commissioned Forrester to evaluate companies’ IAM practices and requirements when it comes to customer-facing scenarios versus employee-facing ones.
Security for virtualized datacentres
Legacy security solutions are inefficient due to the architectural differences between physical and virtual environments.
Reg Reader Research: SaaS based Email and Office Productivity Tools
Read this Reg reader report which provides advice and guidance for SMBs towards the use of SaaS based email and Office productivity tools.
New hybrid storage solutions
Tackling data challenges through emerging hybrid storage solutions that enable optimum database performance whilst managing costs and increasingly large data stores.