SAP benefits from software and services demand

SAP has added to the growing evidence that software spending is bouncing back to pre-recessionary levels as customers invest in applications and tools that underpin growth. The German vendor unveiled a decent set of third quarter numbers, with increases in both software and software-related service

SAP has added to the growing evidence that software spending is bouncing back to pre-recessionary levels as customers invest in applications and tools that underpin growth.

The German vendor unveiled a decent set of third quarter numbers, with increases in both software and software-related service revenues, and pointed to the current desire from users for data tools as one underpinning its ongoing good fortunes.

Bill McDermott, co-CEO of SAp, said that customers were "shifting their investments to software that helps them grow and innovate".

Jim Hagemann Snabe, the other co-CEO at the vendor, said that upgrades and product improvements had to be non-disruptive, something the vendor has committed to be with clearer roadmaps, and this was being well received by users.

The vendor was also helped by the revised payment it had to pay in the TomorrowNow settlement with the millions shaved off that fine contributing directly to the bottom line.

Profit after tax for Q3 jumped from €501m to €1.25bn with revenue for the period ending September 30 2011 was up by 14% to €3.41bn.

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