Arab Today, arab today sap profits up strongly in third quarter
Last Updated : GMT 16:53:24
Arab Today, arab today
Arab Today, arab today

SAP profits up strongly in third quarter

Arab Today, arab today

Arab Today, arab today SAP profits up strongly in third quarter

Berlin - AFP

German software giant SAP said Wednesday its profits more than doubled in the third quarter thanks to strong sales and lower legal costs related to litigation with arch-rival Oracle. SAP said in a statement its bottom-line net profit soared by 150 percent from last year to 1.251 billion euros ($1.74 billion) in the period from July to September. The group largely confirmed preliminary figures it published two weeks ago, with operating profit jumping by 146 percent from last year to 1.759 billion euros on a 14-percent rise in revenues to 3.4 billion euros. "We are very pleased with the exceptionally strong top-line growth this quarter," chief financial officer Werner Brandt said. "Our momentum puts us on pace to achieve a record cash flow year." As reported earlier, third-quarter earnings were boosted by a substantially reduced provision set aside for SAP's long-running court battle with Oracle after a judge ruled that compensation the German company had been ordered to pay was excessive. Third-quarter revenue from software alone rose by 28 percent from a year ago to 841 million euros, while revenues from software and software-related services grew by 16 percent to 2.69 billion euros in the three-month period. Looking at the nine months to September as a whole, net profit jumped by 63 percent to 2.242 billion euros, operating profit was up 57 percent at 3.2 billion euros and revenues up 16 percent at 9.7 billion euros. Looking ahead to the full year, SAP said it was maintaining its previous forecast for an increase of 10-14 percent in revenues and operating profit of 4.45-4.65 billion euros, up from 4.01 billion euros in 2010.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today sap profits up strongly in third quarter Arab Today, arab today sap profits up strongly in third quarter

 



Arab Today, arab today

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today sap profits up strongly in third quarter Arab Today, arab today sap profits up strongly in third quarter

 



Arab Today, arab today France defies terrorism through tourism

GMT 15:18 2017 Saturday ,20 May

France defies terrorism through tourism
Arab Today, arab today Zainab Fadel Oglu designs “Shakerin” mosque

GMT 12:13 2017 Thursday ,11 May

Zainab Fadel Oglu designs “Shakerin” mosque
Arab Today, arab today Seeks to move past rift with Israel

GMT 08:00 2017 Monday ,08 May

Seeks to move past rift with Israel
View News in Arabic - Business: نفط وبتروكيماويات
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Mozambique's gas boom dream under threat

GMT 16:29 2017 Monday ,08 May

Mozambique's gas boom dream under threat
Arab Today, arab today Prepares to give stargazers an eyeful

GMT 13:38 2017 Monday ,06 March

Prepares to give stargazers an eyeful
Arab Today, arab today Jaguar displays XF Sportbrake line

GMT 14:36 2017 Monday ,08 May

Jaguar displays XF Sportbrake line
Arab Today, arab today BMW sees forecasts in reach

GMT 09:04 2017 Thursday ,04 May

BMW sees forecasts in reach
Arab Today, arab today Climate science: Bad news gets worse

GMT 08:48 2017 Saturday ,06 May

Climate science: Bad news gets worse
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday