SAP Raises Outlook After Profit Rise, Completes Sybase Tender
2010年7月27日 - 2:55PM
Dow Jones News
SAP AG (SAP) Tuesday raised its 2010 sales outlook after the
completion of the acquisition of U.S. software vendor Sybase Inc.
(SY) and posted a 15% rise in second-quarter net profit as the
recovery in demand for business software continued.
The business software giant, which competes with Microsoft Corp.
(MSFT) and Oracle Corp. (ORCL), said second-quarter net profit rose
to EUR491 million from EUR426 million a year earlier, slightly
below of expectations of EUR525 million.
Software and software-related services revenue--a key
performance figure that reflects revenue from software sales,
maintenance and consulting services--increased 16% to EUR2.26
billion, beating analysts' expectations of EUR2.14 billion.
"Customers continue to invest for growth across large, midsized
and small enterprises and within many industries," co-chief
executive Bill McDermott said in a statement.
SAP tightened its view for full year software-related service
revenue, excluding Sybase, now expecting a rise between 6% and 8%
from an increase between 4% and 8% previously. In 2009,
software-related service revenue was EUR8.2 billion.
SAP also maintained that it expects its operating margin to rise
to between 30% and 31% from 27.4%.
Including Sybase, SAP now expects to increase software and
software-related service revenue between 9% and 11% in 2010. The
operating margin won't be influenced by the Sybase acquisition.
SAP guides on a non-IFRS basis and at constant currencies.
SAP shares closed at EUR37.27 Monday.
-By Archibald Preuschat, Dow Jones Newswires; +49 211 13872 18;
archibald.preuschat@dowjones.com
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