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The fourth quarter results for SAP are out. It revealed the information that Germany's SAP, has reported a gain in fourth-quarter sales and profits.
Sources informed, fourth-quarter operating profit rose 10 percent to 1.78 billion euros ($2.28 billion), exceeding a 1.65 billion euros from an earlier estimation.
It is important to note, Q4 operating profit excludes some one-off items such as acquisition-related charges of 115 million euros. In a bid to drive business growth, SAP has recently acquired a software company SuccessFactors for $3.4 billion to deliver software over the internet.
Market watchers added, sales at SAP's key software and software-related services business rose nearly 12 percent from a year ago to 3.72 billion euros.
It is worth noting that fourth-quarter profits were significantly driven by SAP's decision to hire nearly 500 additional sales and marketing employees.
Reliable aides informed our team, SAP is supposed to publish full quarterly results and an outlook for the full year 2012 on January 25. So, stay tuned.
ITVoir NewsDesk |
Tags: SAP, Q4 result, SuccessFactors for $3.4 billion, software-related services , | | |
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