SAP updates full-year outlook based on strong Q2

SAP says it will meet the high-end of its previously reported estimated fiscal 2011 revenue range

SAP expects its full-year operating profits will be near the top of a previously announced range, based on strong software sales in the second quarter and "improved visibility" into the remainder of the fiscal year, the vendor said Tuesday.

Non-IFRS (international financial reporting standards) operating profits for fiscal 2011 will come in at the high end of the previously estimated €4.45 billion ($US6.39 billion) to €4.65 billion range, SAP said.

Software revenue grew 35 per cent year-over-year in the second quarter ended June 30, while non-IFRS software and software related service revenue rose 20 per cent when exchange rate shifts aren't considered, the company said.

SAP originally planned to announce its second-quarter results on Wednesday, but said the release will come later Tuesday.

Enterprise software sales have been rebounding in recent quarters as the world emerges from the economic downturn and companies begin spending money on new IT projects.

Last month, SAP rival Oracle reported that new software license sales, viewed as a strong indicator of customers' confidence over IT spending, jumped 19 per cent to $3.7 billion.

Chris Kanaracus covers enterprise software and general technology breaking news for The IDG News Service. Chris's e-mail address is Chris_Kanaracus@idg.com

Join the newsletter!

Or
Error: Please check your email address.
Rocket to Success - Your 10 Tips for Smarter ERP System Selection

Tags business issuessoftwareSAPfinancial resultsSEC Filings

Keep up with the latest tech news, reviews and previews by subscribing to the Good Gear Guide newsletter.

Chris Kanaracus

IDG News Service
Show Comments

Essentials

Mobile

Exec

Budget

Back To Business Guide

Click for more ›

Brand Post

Most Popular Reviews

Latest Articles

Resources

PCW Evaluation Team

Andrew Teoh

Brother MFC-L9570CDW Multifunction Printer

Touch screen visibility and operation was great and easy to navigate. Each menu and sub-menu was in an understandable order and category

Louise Coady

Brother MFC-L9570CDW Multifunction Printer

The printer was convenient, produced clear and vibrant images and was very easy to use

Edwina Hargreaves

WD My Cloud Home

I would recommend this device for families and small businesses who want one safe place to store all their important digital content and a way to easily share it with friends, family, business partners, or customers.

Walid Mikhael

Brother QL-820NWB Professional Label Printer

It’s easy to set up, it’s compact and quiet when printing and to top if off, the print quality is excellent. This is hands down the best printer I’ve used for printing labels.

Ben Ramsden

Sharp PN-40TC1 Huddle Board

Brainstorming, innovation, problem solving, and negotiation have all become much more productive and valuable if people can easily collaborate in real time with minimal friction.

Sarah Ieroianni

Brother QL-820NWB Professional Label Printer

The print quality also does not disappoint, it’s clear, bold, doesn’t smudge and the text is perfectly sized.

Featured Content

Latest Jobs

Don’t have an account? Sign up here

Don't have an account? Sign up now

Forgot password?