SAP's Q4 profits down 36% year-on-year

- Wednesday, January 26, 2011

SAP's Q4 profits down 36% year-on-year

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.

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"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.

For the full financial results, follow this link