We use cookies to provide you with a better experience. If you continue to use this site, we'll assume you're happy with this. Alternatively, click here to find out how to manage these cookies

hide cookie message
80,259 News Articles

SAP updates full-year outlook based on strong Q2

SAP says it will meet the high-end of its previously reported estimated fiscal 2011 revenue range

SAP expects its full-year operating profits will be near the top of a previously announced range, based on strong software sales in the second quarter and "improved visibility" into the remainder of the fiscal year, the vendor said Tuesday.

Non-IFRS (international financial reporting standards) operating profits for fiscal 2011 will come in at the high end of the previously estimated €4.45 billion (US$6.39 billion) to €4.65 billion range, SAP said.

Software revenue grew 35 percent year-over-year in the second quarter ended June 30, while non-IFRS software and software related service revenue rose 20 percent when exchange rate shifts aren't considered, the company said.

SAP originally planned to announce its second-quarter results on Wednesday, but said the release will come later Tuesday.

Enterprise software sales have been rebounding in recent quarters as the world emerges from the economic downturn and companies begin spending money on new IT projects.

Last month, SAP rival Oracle reported that new software license sales, viewed as a strong indicator of customers' confidence over IT spending, jumped 19 percent to $3.7 billion.

Chris Kanaracus covers enterprise software and general technology breaking news for The IDG News Service. Chris's e-mail address is [email protected]


IDG UK Sites

Best Christmas 2014 UK tech deals, Boxing Day 2014 UK tech deals & January sales 2015 UK tech...

IDG UK Sites

Apple's 2014 highlights: the most significant Apple news of 2014

IDG UK Sites

Watch this heartwarming Christmas short by Trunk for composer John Rutter

IDG UK Sites

Ultimate iOS 8 Tips: 35 awesome and advanced tips for using iOS 8 on iPhone and iPad