SAP reports 25% rise in profit

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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.

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

 


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