Enterprise

SAP Profit Jumps but License Business Struggles

Published on October 21, 2013
by William Boston

SAP AG, the world’s biggest business software maker, Monday reported a jump in third-quarter profit, but currency swings caused a slowdown in revenue growth and its core business in software licenses continued to slide as customers migrated to Web-based products.

Net profit at the Walldorf, Germany-based company rose to €762 million ($1.04 billion) in the quarter ended Sept. 30, up 23 percent from a year earlier. But revenue increased just 2 percent to €4.05 billion, markedly slower than the 14 percent growth rate recorded a year earlier.

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