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 PC World newsletter!

Error: Please check your email address.

Tags business issuesSAPSEC Filingssoftwarefinancial results

Our Back to Business guide highlights the best products for you to boost your productivity at home, on the road, at the office, or in the classroom.

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

Microsoft L5V-00027 Sculpt Ergonomic Keyboard Desktop

Learn more >

Lexar® JumpDrive® S57 USB 3.0 flash drive

Learn more >

Mobile

Lexar® JumpDrive® S45 USB 3.0 flash drive 

Learn more >

Exec

Lexar® JumpDrive® C20c USB Type-C flash drive 

Learn more >

HD Pan/Tilt Wi-Fi Camera with Night Vision NC450

Learn more >

Lexar® Professional 1800x microSDHC™/microSDXC™ UHS-II cards 

Learn more >

Audio-Technica ATH-ANC70 Noise Cancelling Headphones

Learn more >

Budget

Back To Business Guide

Click for more ›

Most Popular Reviews

Latest News Articles

Resources

PCW Evaluation Team

Michael Hargreaves

Windows 10 for Business / Dell XPS 13

I’d happily recommend this touchscreen laptop and Windows 10 as a great way to get serious work done at a desk or on the road.

Aysha Strobbe

Windows 10 / HP Spectre x360

Ultimately, I think the Windows 10 environment is excellent for me as it caters for so many different uses. The inclusion of the Xbox app is also great for when you need some downtime too!

Mark Escubio

Windows 10 / Lenovo Yoga 910

For me, the Xbox Play Anywhere is a great new feature as it allows you to play your current Xbox games with higher resolutions and better graphics without forking out extra cash for another copy. Although available titles are still scarce, but I’m sure it will grow in time.

Kathy Cassidy

STYLISTIC Q702

First impression on unpacking the Q702 test unit was the solid feel and clean, minimalist styling.

Anthony Grifoni

STYLISTIC Q572

For work use, Microsoft Word and Excel programs pre-installed on the device are adequate for preparing short documents.

Featured Content

Latest Jobs

Don’t have an account? Sign up here

Don't have an account? Sign up now

Forgot password?