SAP posts strong revenue growth, meets Q3 forecast

SAP has posted strong Q3 financial results due to the success of its HANA and cloud-based businesses, although software sales continue to decline.

On Monday, the enterprise solutions provider announced third-quarter results including revenue of €4 billion ($ billion), a increase of two percent year-on-year. In addition, IFRS profit margins reached €762 million ($1.04bn).

Non-IFRS profit after tax was €933 million ($1.27bn), in comparison to €836 million in 2012, an increase of 12 percent. IFRS basic earnings per share was €0.64, an increase of 23 percent, and non-IFRS basic earnings per share are €0.78, an increase of 11 percent.

SOURCE: zdnet.com

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