Business Software Giant SAP Reports Profit Rise
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SAP AG, the German business management software maker, reported a 15 percent jump in third-quarter net profit Thursday, citing increased sales across the globe.
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Microsoft Corp. MSFT.O, the world's  largest software maker, on Thursday said its first quarter  profit climbed as personal computer sales and business demand  fueled higher sales.
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Oracle Corp. , the world's third-largest software maker, reported on Tuesday higher quarterly profit as sales of products it acquired over the past year helped boost earnings.
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US software company Oracle reports a jump in profits after acquisitions boosted its sales of business products.
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Business software maker Oracle Corp.  on Monday posted a higher quarterly profit on firm demand for its market-leading database software.
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Oracle Corp.  posted  higher quarterly profit on Thursday on stronger-than-expected  new software license revenue and said it was taking share from  major rivals SAP AG  and IBM
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Oracle Corp.'s fiscal fourth-quarter profit topped analyst expectations, providing further validation for a $25 billion shopping spree that has enabled the software maker to narrow rival SAP AG's long-standing lead in the business applications market.
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BERLIN -- SAP AG, the German business management software maker, reported a 15 percent jump in third-quarter net profit Thursday, citing increased sales across the globe.
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The software company beat Wall Streetâs projections as it claimed substantial gains over its rivals, SAP and I.B.M.
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Oracle Corp  said on Wednesday  that quarterly profit rose 35 percent as new software sales  soared, beating expectations at a time when investors are  nervous that IT spending is slowing, and its shares climbed 4  percent.
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(InfoWorld) - SAP reported anÂ 8 percent jump in its second-quarter net income on Thursday, helped by a sharp increase in revenue from new software licenses. Net income for the quarter was â¬449 million ($605 million as of June 30, the last day of the period being reported), up from â¬415 million in the second quarter last year. That was equal to earnings of â¬0.37 per share, up from â¬0.34 per share a year earlier. Revenue from new software licenses climbed 18 percent to â¬715 million, from â¬604 million last year. Total revenue, including maintenance fees, support and other services, climbed 10 percent to â¬2.4 billion, up from â¬2.2 billion in the second quarter of 2006. The results were better than some analysts expected and showed that SAP is continuing to add new customers even while its main rival, Oracle, grows its applications business throughÂ acquisitions. For the comparable period, its financial quarter ending May 31,Â Oracle increased revenueÂ from new applications licenses by 13 percent, to $641 million. In SAP's biggest market -- Europe, the Middle East, and Africa -- total revenue was up by 12 percent, to â¬1.27 billion. Growth in the Americas, dragged down by the strong euro against the U.S. dollar, was just 6 percent, to give revenue of â¬853 million. SAP continues to grow fastest in Asia, where revenue climbed 20 percent to â¬304 million. CEO Henning Kagermann called it "an excellent quarter." SAP will continue to invest heavily in new products for the midmarket, he said in a statement. The company is spending â¬300 million to â¬400 million over two years to develop a new suite of on-demand applications, intended to offset slower growth from large enterprises. The results come as SAP continues toÂ battle Oracle in U.S. courtÂ for alleged corporate theft. Oracle charged that SAP's TomorrowNow subsidiary hacked into Oracle's customer support Web site and downloaded software fixes and support materials for Oracle's PeopleSoft and JD Edwards applications. SAP planned to use the materials to offer cut-rate services to Oracle customers, according to Oracle's lawsuit. In its response last month, SAP admitted that TomorrowNow employees had made someÂ "inappropriate" downloadsÂ of Oracle materials. But it played down the extent of the transgressions and said SAP itself did not have access to the materials. A case management conference is set for September. Â
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Microsoft Corp. MSFT.O, the world's  largest software maker, on Thursday said its quarterly profit  climbed as sales rose, but the company's revenue forecast for  the current quarter fell below Wall Street estimates.
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Business software maker Siebel Systems Inc.  on Wednesday reported a quarterly profit, after a year-earlier net loss, driven by a healthy rise in license revenue.
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SAP, a leading maker of business software, says a strong performance of its European activities helped boost earnings in the third quarter, which came out above analysts' expectations.
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The worldâs largest soft drink maker reported higher-than-expected quarterly profit on Wednesday, helped by higher sales, acquisitions and foreign exchange rates.
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IBM reported a 6 percent increase in profit for its fiscal third quarter as a strong performance from its services business offset a slide in hardware revenue.
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Microsoft Corp. MSFT.Oon Thursday  said its quarterly profit climbed as revenue rose 12 percent,  driven by demand for the company's core software products from  businesses and higher sales of personal computers and servers.