SAP's Q3 revenues up 14%

- Thursday, October 20, 2011

SAP's Q3 revenues up 14%

SAP (NYSE: SAP) saw revenues jump 14% in the third quarter to 3.41bn euros (US$4.66bn), compared to 3.00bn euros in the year-ago period, the company said in a preliminary statement.

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.

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

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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 a range of 4.45bn-4.65bn euros at constant currencies, compared to 4.01bn euros last year.