Business-software giant

SAP

(SAP) - Get Report

Wednesday issued sales guidance that topped analysts' forecasts, sending its shares sharply higher in early trading.

Walldor, Germany-based SAP said third-quarter software revenue will be about 430 euros, or $507 million, roughly the same as in both the year-ago and previous quarter.

"The third-quarter results were supported by better closure rates, especially in the United States, and some deals that had been expected to close in the second quarter but were signed in the third quarter," SAP said in a release.

Overall, SAP expects third-quarter revenue of 1.65 billion euros, or about $1.95 billion. Analysts surveyed by First Call were forecasting revenue of $1.80 billion, though those estimates probably don't reflect the dollar's recent slide.

SAP was recently up $3.08, or 9%, to $36.80. Business-software rival

Oracle

(ORCL) - Get Report

was up 25 cents, or 2%, to $12.45, while

Siebel

(SEBL)

was adding 45 cents, or 4%, to $11.92.