SAP (SAP) - Get SAP SE Sponsored ADR Report said second-quarter income rose 78% to 206 million euros ($179.7 million) from 116 million euros in the year-ago period, and revenue rose 24% to 1.85 billion euros.
The company earned 0.65 euros per share for the quarter, up from 0.37 euros a year ago. Excluding charges related to the acquisition of
, SAP earned 0.71 euros per share in the latest quarter.
Additionally, SAP confirmed its expectations through the first nine months of 2001 and said it expects better than 20% revenue growth for the full year. Shares of the German business software maker rose 8% to $33.60 in
action before the opening bell.
"Our strong operating performance this quarter was driven mostly by our ability to control ongoing costs," the company said in a press release. "Excluding the currency effects, all regions performed well, even in the Americas, where we believe our overall market share increased."