SAP&#39;s profit rises 15% on higher global sales
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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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The world's leading provider of business software, SAP, said Wednesday it expected sustained growth this year following a 3.0-percent rise in net profit in 2007.
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Oracle Corp  posted a 35 percent rise in quarterly profit on higher-than-expected software sales and issued a strong outlook, easing concerns it may be hurt by the slowing U.S. economy and pushing its shares up 6.5 percent.
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SAP, the world's leading maker of business software, is planning to grow by 15 percent or more in the United States this year after a disappointing year in 2006, the head of the group's US operations said in a newspaper interview.
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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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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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Diversified industrial firm Ingersoll-Rand Co. on Thursday said its third-quarter profit rose 53 percent on a 15 percent gain in revenue.
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Lowe&#39;s Cos. (LOW.N: Quote, Profile, Research) , the No. 2 home improvement retailer, on Monday reported a 15 percent rise in third-quarter profit, topping estimates, on strong sales of
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The company said profit in the latest quarter rose more than 10 percent on strong sales to mining, energy and construction customers outside the United States.
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Lowe&#39;s Cos. (LOW.N: Quote, Profile, Research) , the No. 2 home improvement retailer, on Monday reported a 15 percent rise in third-quarter profit, topping estimates, aided by its expansion into large US markets.
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Caterpillar Inc.  said on Friday its profit in the latest quarter rose more than 10 percent on strong sales to mining, energy and construction customers outside the United States.
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Symantec Corp  reported an  increase in quarterly profit on Wednesday, boosted by strong  overseas sales, and forecast current-quarter results above Wall  Street estimates, sending its shares up 9 percent.
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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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Slams SAP's 'downmarket' strategy Database software giant Oracle said its first quarter profit rose by 25 per cent, with revenue and earnings per share beating Wall Street expectations for the firm.â¦
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SAP AG, the German business management software maker, reported a 15-percent jump in third-quarter net profit Thursday to euro291 million (US$366 million), citing increased sales across the globe.
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Microsoft Corp. (MSFT.O: Quote, Profile, Research) , the world&#39;s largest software maker, on Thursday said its quarterly profit climbed as sales rose, but the company&#39;s revenue forecast
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Worldwide sales leap Computer distie giant Ingram Micro said yesterday that it saw third quarter profit shoot up 15 per cent driven by strong sales in Asia and Europe.â¦