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by David R. Brousell, MA Editorial Staff Posted on Thursday, July 19, 2007 4:56:00 PM Sign Up to receive Daily News Alerts in your E-mail Inbox    | Abstract: | Double-digit gains across all of the company's major geographies lead to jump in overall revenue; net income up 8% year over year. |
| Keywords: | SAP, second quarter, financial performance, eanrings, revenue growth, double-digit growth, Oracle, enterprise software, market leader, business software, inappropriate downloads, A1S, mid-market ERP, enterprise resources planning |
LONDON — Saying that it has grown its business in double digits across all of its major geographic areas, SAP AG today reported that net income for the second quarter ended June 30 grew 8% on a 10% increase (14% in constant currencies) in total revenue to €2.42 billion. The enterprise software market leader said that software and software-related service revenue rose 16% (19% in constant currencies) to €1.71 billion, compared with €1.48 billion in the second quarter of 2006. Software revenue alone jumped 18% (21% in constant currencies) to €715 million, compared with €604 million in the prior-year period. Although growth in SAP's three key geographic areas — the Americas; Europe, Middle East, and Africa (EMEA); and Asia-Pacific and Japan — reached double digits in the second quarter, software and related services revenue in the U.S. market was only up 4% (11% in constant currencies) to €417 million. Nevertheless, SAP officials said they were not concerned, noting that, in constant currencies, the second quarter represented the 19th consecutive quarter of double-digit revenue growth in the U.S. market. [Click to continue] |
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