SAP Profits Nearly Double
SAP, the German software company, said first-quarter earnings rose 97% to 387 million euros ($509.2 million) as sales rose 5%.
BERLIN (
) --
SAP
(SAP) - Get Report
, the German software company, said first-quarter earnings rose 97% to 387 million euros ($509.2 million) as sales rose 5%.
SAP said Wednesday that first-quarter sales were 2.5 billion euros vs. 2.4 billion euros last year.
Software revenue rose 11% to 464 million euros and software-related services revenue gained 12% to 1.95 billion euros.
SAP Co-CEO Bill McDermott, in a statement, said the company's first-quarter growth was driven by "all-around solid execution in both our large, well established markets and our fast growing emerging markets."
-- Reported by Joseph Woelfel in New York.
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