SAP earnings fall in 4th quarter but some revenue streams grow
APBERLIN -- Business software maker SAP AG says its fourth-quarter net earnings were down 8 percent but is reporting a 14-percent rise in revenue from software and software-related services.
January 24, 2013, 12:08 am TWN
The Walldorf, Germany-based company said Wednesday that it earned 1.1 billion euros (US$1.4 billion) in the October-December quarter, down from nearly 1.2 billion euros a year earlier. Software and software-related service revenue, a key figure for the company, was up to 4.23 billion euros from 3.72 billion euros.
For the whole of 2012, earnings were 18 percent lower at 2.83 billion euros, while the revenue figure was 16-percent higher at 13.16 billion euros.
SAP forecast somewhat slower growth this year in revenue from software and software-related services.