SAP's Q3 Americas revenues up 13%

Wednesday, October 26, 2011

SAP's (NYSE: SAP) total revenues in the Americas reached 1.22bn euros (US$1.68bn) during the third quarter, up 13% year-over-year. Excluding the US, revenues totaled 334mn euros, a 25% improvement compared to the year-ago period.

Software revenues in the Americas increased 27% to 321mn euros from 253mn euros in 2010, while software and software-related service revenues grew 16% in the region, to 938mn euros.

SAP saw global revenues jump 14% in the third quarter to 3.41bn euros, compared to 3.00bn euros in the year-ago period, the company said in a statement.

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Of the total, software and related service revenue accounted for 2.69bn euros, up 16% year-over-year from 2.32bn euros. Software revenue saw a 28% rise to 841mn euros, compared to 656mn euros in 3Q10.

IFRS profit after tax surged 150% to 1.25bn euros, from 501mn euros in 2010.

Operating profit for the period totaled 1.76bn euros, jumping 145% from 716mn euros in 3Q10.

The company expects full 2011 non-IFRS software and software-related service revenue to increase 10-14% at constant currencies, compared to 9.87bn euros in 2010.

Full 2011 non-IFRS operating profit is expected to be in the range of 4.45bn-4.65bn euros at constant currencies, compared to 4.01bn euros last year.

To read the full statement, go to this link