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.
By submitting your email address, you agree to receive emails regarding relevant topic offers from TechTarget and its partners. You can withdraw your consent at any time. Contact TechTarget at 275 Grove Street, Newton, MA.
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