SAP Backs Outlook as Profit Rises

Published on April 25, 2012
by Harriet Torry

SAP AG Wednesday reiterated its outlook for double-digit revenue growth in the full year as the world’s largest business-management software maker reported a 10 percent rise in net profit despite weak sales in North America and some European markets.

“We see strong momentum for our flagship in-memory platform SAP HANA, our cloud and mobile solutions, and our core applications and analytics products,” SAP Co-Chief Executives Bill McDermott and Jim Hagemann Snabe said.

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