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by David R. Brousell, MA Editorial Staff
Posted on Friday, April 20, 2007 5:00:00 PM Sign Up to receive Daily News Alerts in your E-mail Inbox    | Abstract: | Net income also jumps 10% as the enterprise applications company looks to move past recent obstacles and prepares for its annual user and partner conference. |
| Keywords: | SAP financials, SAP quarterly results, software license growth, Oracle lawsuit, Shai Agassi, Sapphire conference, first quarter sales |
Just two days before the start of its annual Sapphire customer and partner conference, SAP today reported a 10% increase in first-quarter software revenue, marking a return to double-digit growth for the software applications market leader following a disappointing fourth quarter last year. SAP said first-quarter software revenue was €563 million, up 10% (16% in constant currencies) from the €514 million recorded in the first quarter of 2006. Software revenue grew only 7% year over year in the fourth quarter of 2006. Total revenue for the first quarter rose 6% (11% in constant currencies) to €2.2 billion, from €2 billion. Net income increased 10% to €310 million, or $0.26 per share, from €282 million, or $0.23 per share. "We are pleased with our first-quarter results," said Henning Kagermann, SAP's CEO, in a prepared statement. "On a constant currency basis, we achieved a strong increase in software and software-related service revenues and reported double-digit growth rates in each region." [Click to continue] |
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