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SAP (NYSE: SAP) recorded net profits of 437mn euros (US$597mn) for the last quarter of 2010, down 36% compared with 682mn euros in the same period in 2009, the German company said in a statement.
Global revenues for Q4 totaled 4.06bn euros, up 27% compared with 3.19bn euros in the year-ago quarter.
Software revenues reached 1.51bn euros in Q4, climbing 35% compared with 1.12bn euros in the same period the previous year.
"We finished 2010 with the highest fourth quarter for software revenue in our history. Our strong performance and our business outlook for 2011 demonstrate that SAP is confident about achieving double-digit growth and continued margin expansion," CFO Werner Brandt said.
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