Saturday 30 April 2011

SAP Reports 26% Growth in Software Revenue and 20% Growth in Software and Software Related Service Revenue

SAP AG (NYSE: SAP) today announced its financial results for the first quarter ended March 31, 2011.

"We are pleased to report our fifth consecutive quarter of double-digit growth in software and software related service revenue," said Werner Brandt, CFO of SAP. "The strong top line results coupled with a double-digit increase in non-IFRS operating profit keep us on track to deliver further profitable growth in 2011 and beyond."

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SAP Reports 26% Growth in Software Revenue and 20% Growth in Software and Software Related Service Revenue