SAP raises full-year targets on back of strong fourth quarter
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SAP, the world's leading supplier of business software, said it was raising its full-year target for earnings per share on the back of a strong performance in the fourth quarter.
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Germany's SAP, the world's largest maker of business-management software, reported Thursday a third-quarter rise in revenue and net income, boosted by strong sales in the Europe, Middle East and Africa (EMEA) region and continued growth in the U.S.
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International Business Machines Corp. on Thursday told Wall Street to raise its 2008 estimates, further boosting a stock that was already buoyed by strong fourth-quarter earnings.
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FRANKFURT SAP, Europe&#39;s biggest software maker, on Thursday posted a 15 percent rise in third-quarter net profit, citing higher global sales.
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SAP, the world's leading maker of business software, said that bottom-line profits surged 29 percent in the fourth quarter of last year, at the top end of analysts' expectations.
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Net income rose to 291 million euros ($366 million), or 94 cents a share, from 252 million euros, or 81 cents, a year earlier, Walldorf, Germany-based SAP said in a statement.
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German business software vendor SAP AG increased software license revenue 10 percent in 2004 and forecast revenue to gain as much as 12 percent this year.
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Fourth-quarter profit increased 4 percent as growing medical enrollment lifted revenue from health care premiums.
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Fourth-quarter earnings jumped 64 percent, due in part to a $214 million gain from a tax benefit, as well as more streamlined operations at the military contractor.
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Broad and strong revenue growth drove Oracle to higher profit in the fourth quarter and the company's full 2007 fiscal year.
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Citing strong fourth-quarter results and prospects for growth in emerging markets,  DuPont raised its earnings outlook for 2007 as well as its profit forecast for 2008.
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The US Postal Service has awarded SAP a $35 million contract to supply a new human-resources system. SAP has benefited from a series of big customer wins this year, showing strong revenue growth
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Business software maker SAP AG said Thursday that its second-quarter profit grew 8 percent, citing market share gains and strong sales growth in all three major markets &#151; Europe, Asia and the United States.
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InfoWorld - SAP continued to ramp up its on-demand CRM offering this week, announcing that it will now include service-level capabilities, the third key component of CRM solutions.
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IBM on Monday said fourth-quarter revenue, aided by exchange rates and sales outside the U.S., stood at $28.9 billion, an increase of 10 percent over the same period in 2006.
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Citing strong fourth-quarter results and prospects for growth in emerging markets, DuPont raised its earnings outlook for 2007 as well as its profit forecast for 2008.
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Broad and strong revenue growth drove Oracle Corp. to higher profit in the fourth quarter and the company's full 2007 fiscal year.