SAP reports 25% rise in profit

Enterprise software provider SAP has reported a 25% year-on-year increase in net profit for the third quarter of 2003.

Enterprise software provider SAP has reported a 25% year-on-year increase in net profit for the third quarter of 2003.

The company reported net income of €252m (£174m), up from €202m for the same quarter last year.

Total revenue for the quarter was €1.65bn (£1.1bn), down 3% from the €1.7bn reported in the year-earlier quarter.

SAP saw revenue gains from its maintenance activities, up 9% to €655m (£454m), but software revenue for the quarter remained flat at €433m (£300m), compared with €435m the previous year. Revenue from service activities, including training and consulting slipped 14% to €550m.

Around the world, SAP saw the strong growth in software sales in the US, where software revenue for the third quarter was 35% up on last year.

Throughout the Americas, revenue slipped 2% to €572m. Revenue in Europe, the Middle East and Africa slipped 4% to €877m, and remained flat in the Asia-Pacific region, the smallest region for SAP, with revenue of €203m.

Peter Sayer writes for IDG News Service

 

CW+

Features

Enjoy the benefits of CW+ membership, learn more and join.

Read more on Business applications

Start the conversation

Send me notifications when other members comment.

By submitting you agree to receive email from TechTarget and its partners. If you reside outside of the United States, you consent to having your personal data transferred to and processed in the United States. Privacy

Please create a username to comment.

-ADS BY GOOGLE

SearchCIO

SearchSecurity

SearchNetworking

SearchDataCenter

SearchDataManagement

Close