TechTarget

SAP expects 15% revenue rise in Q2

SAP expects software revenue to increase 15% in the second quarter, compared to the same period a year earlier, it has announced.

SAP expects software revenue to increase 15% in the second quarter, compared with the same period a year earlier,...

it has announced.

After a preliminary review of its second-quarter performance, SAP said it will post software revenue of around €496m (£330m) when the company publishes its financial results.

Discounting the effect of currency variations software revenue was up 17% in the second quarter, compared with a year earlier.

SAP expects total second-quarter revenue to be around €1.78bn, up 9% from the same period a year ago.

Based on these preliminary figures, SAP said operating income for the second quarter should range between €380 and €390m.

The preliminary results appear to buck a trend among software companies this quarter. Companies including CA, Siebel, BMC, PeopleSoft and Veritas have reported that they expect the latest quarter to fall short of revenue or profit expectations.

John Blau writes for IDG News Service

CW+

Features

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

Read more

0 comments

Oldest 

Forgot Password?

No problem! Submit your e-mail address below. We'll send you an email containing your password.

Your password has been sent to:

-ADS BY GOOGLE

SearchCIO

SearchSecurity

SearchNetworking

SearchDataCenter

SearchDataManagement

Close