SAP's profits up 62% in first quarter

SAP AG has reported that pre-tax profits rose 62% in the first quarter this year to US$ 77.58 million, while revenue was US$460 million during the quarter, a 40% increase on the same period last yea.

The results should be good news to investors who last week reacted nervously to studies critical of SAP's flagship product R/3, sending SAP's stocks on a roller coaster ride.

The lion's share of SAP's revenues in the first three months of this year were generated in Europe, followed by the US and the Asia/Pacific region.

Join the newsletter!

Or

Sign up to gain exclusive access to email subscriptions, event invitations, competitions, giveaways, and much more.

Membership is free, and your security and privacy remain protected. View our privacy policy before signing up.

Error: Please check your email address.
Show Comments
[]