SAPThe Asian market dented SAP’s results for the second quarter ended June 30 as the company reported an after-tax profit increase of 10 percent on a 4-percent rise in revenue. Those are IFRS results. The revenue drop was 3 percent in constant currencies. After tax profit is about $947.4 million, when converted at today’s euro exchange rate. Revenue was about $5.32 billion.

Software revenue fell to roughly $1.29 billion for the most recently ended quarter. Cloud subscriptions and support rose 206 percent to around $208.9 million. The company said the Americas region had 18-percent year-over-year growth in non-IFRs software and cloud subscription revenue, with strong sales in Latin America, particularly Brazil. However, non-IFRS software and cloud subscription revenue was off 7 percent in the Asia Pacific Japan region because of economic weakness in that area.

Last modified on Friday, 13 September 2013
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