Business software giant SAP posts 2007 profit of 1.94 bln euros
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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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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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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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Business software maker Siebel  Systems Inc. SEBL.O on Wednesday reported a quarterly profit,  after a year-earlier net loss, driven by a healthy rise in  license revenue.
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Business software maker SAP aims to  win about 1,000 customers for its new Web-delivered software  aimed at smaller companies by the end of 2008, according to  slides due to be presented on Wednesday.
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Germany's SAP ( SAP : news , chart , profile ) ( DE:716460 : news , chart , profile ) on Thursday posted a 13 percent rise in software revenue for its third quarter and chief executive Henning Kagermann ...
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SAP has won a $35 million contract to install its human resources software for the US Postal Service. The NetWeaver-based system will replace the Post Office&#39;s current 25-year-old legacy application
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La societa' di software lo registra nel quarto semestre 2007
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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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Global food giant Nestle announced a 14.0-percent rise in 2006 net profit to 5.7 billion euros on Thursday and said prospects for 2007 looked good as it moved further into the health and well-being markets.
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By Tony Glover, The Business, London  Sep. 17--German-based business software giant SAP is about to face fierce  competition from aggressive Indian software developer Tally.
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The Internet search giant posted profit of $1.07 billion, fueled by strong performance in its search and advertising business.
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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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Net profit dropped at the consumer products maker to 721 million euros ($1.04 billion) in the last three months of 2007, from 2.03 billion euros a year earlier.
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German insurance giant Allianz said Thursday it booked a record net profit of 7.021 billion euros (9.2 billion dollars) in 2006, well above target, and expected to continue to grow in the coming years.
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SAP, the world's leading maker of business software, said a strong performance of its European activities helped boost earnings in the third quarter, which came out higher than analysts' expectations.
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Software maker Siebel Systems Inc. on Wednesday said its third-quarter results swung to a profit on improved licensing revenue. The company reported earnings of $19.