Feeds

SAP happy enough, despite lack of massive lawsuit win this year

McDermott boasts of huge bulge into the cloud

Providing a secure and efficient Helpdesk

German software maker SAP reported a massive plunge in Q3 profits but an operational slip was not to blame, just a one-off gain from its lawsuit with Oracle a year ago.

This still left the vendor with a bottom line of €618m, albeit 51 per cent lower than the €1.25bn ($1.62bn) it banked 12 months ago when earnings were boosted €566m ($723m) by a judge reducing damages in a lawsuit brought by Oracle.

The positive momentum in sales seen last quarter continued with turnover up 16 per cent year-on-year to €3.95bn, fuelled by operations in the Americas and Asia Pacific, up 37 and 18 per cent respectively, which offset flat European revenues.

Software licensing went up 17 per cent to €1.02bn, and support grew 16 per cent to €2.1bn, but the "innovation" hotspots for SAP that will become a bigger part of its future did well too.

The in-memory database tech HANA grew to €83m, up from €34m; mobile application extensions reached €48m; and cloudy support and subscriptions hit €80m up from €4m.

Co-CEO Bill McDermott claimed on a conference call with analysts that "we have tremendous growth in the cloud".

In fact SAP forecasted bullishly that it would be the first vendor in the cloud to turn a profit, with €2bn annually earmarked from 2015, compared to the losses the unit is generating today.

SAP raised 2012 revenue outlook, saying sales will reach the upper end of its 10.5 to 12.5 per cent forecast, due in part to the recent acquisition of Ariba.

The legal spat with Larry Ellison's army arose after Oracle sued former SAP sub TomorrowNow over copyright infringement, initially resulting in damages of $1.3bn.

A judge later overturned that decision and told Larry that his firm could have $306m in damages plus legal costs. It emerged last month that Oracle is pushing for higher damages. ®

Beginner's guide to SSL certificates

More from The Register

next story
ONE MILLION people already running Windows 10
A third of them are doing it in VMs, but early feedback focuses on frippery
Sign off my IT project or I’ll PHONE your MUM
Honestly, it’s a piece of piss
Netscape Navigator - the browser that started it all - turns 20
It was 20 years ago today, Marc Andreeesen taught the band to play
Torvalds CONFESSES: 'I'm pretty good at alienating devs'
Admits to 'a metric ****load' of mistakes during work with Linux collaborators
Sway: Microsoft's new Office app doesn't have an Undo function
Content aggregation, meet the workplace ... oh
Do Moan! MONSTER 6-day EMAIL OUTAGE hits Domain Monster
Customers freaked out by frightful service
Ploppr: The #VultureTRENDING App of the Now
This organic crowd sourced viro- social fertiliser just got REAL
Return of the Jedi – Apache reclaims web server crown
.london, .hamburg and .公司 - that's .com in Chinese - storm the web server charts
NetWare sales revive in China thanks to that man Snowden
If it ain't Microsoft, it's in fashion behind the Great Firewall
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.