SAP’s Profit Drops 36 Percent on Litigation Charges

German business software giant SAP AG reported Wednesday a 36 percent drop in fourth-quarter net profit, hurt by litigation provisions following a court battle with rival Oracle Corp.

SAP also said it plans to increase its 2010 dividend by 20 percent.

For the three months ended Dec. 31, net profit fell to 437 million euros ($598 million) from €681 million in the same period a year ago. Earnings per share declined to €37 from €57.

SAP released its full results Wednesday after the firm had reported on Jan. 13 a surge in quarterly revenue, triggering a 3.5 percent rally in its share price

Read the rest of this post on the original site »


Must-Reads from other Websites

Panos Mourdoukoutas

Why Apple Should Buy China’s Xiaomi

Paul Graham

What I Didn’t Say

Benjamin Bratton

We Need to Talk About TED

Mat Honan

I, Glasshole: My Year With Google Glass

Chris Ware

All Together Now

Corey S. Powell and Laurie Gwen Shapiro

The Sculpture on the Moon

About Voices

Along with original content and posts from across the Dow Jones network, this section of AllThingsD includes Must-Reads From Other Websites — pieces we’ve read, discussions we’ve followed, stuff we like. Six posts from external sites are included here each weekday, but we only run the headlines. We link to the original sites for the rest. These posts are explicitly labeled, so it’s clear that the content comes from other websites, and for clarity’s sake, all outside posts run against a pink background.

We also solicit original full-length posts and accept some unsolicited submissions.

Read more »