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SAP Q4 Preliminary Results Show Jump In Software Revenue

Friday, January 14, 2011

SAP on Thursday reported preliminary results for the fourth quarter and year ending Dec. 31 that showed a strong uptick in software revenue, spurred in part by its acquisition of Sybase last year.

Fourth-quarter software and software-related services revenue was roughly €3.26 billion ($4.2 billion), rising 27%. Total revenue was about €4.04 billion, a 27% increase, SAP said.

"We are pleased to announce the best software sales quarter in the history of SAP. We achieved outstanding growth in all regions and customer segments," co-CEO Bill McDermott said in a statement.

Article sourced from www.sap.com, click here to read full story.

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