ASIA PACIFIC DAMPENS SAP RESULTS
- Friday, 19 April 2013
- News and Analysis
Management changes in the Asia Pacific region tripped up SAP for the first quarter ended March 31. But the giant software company still saw a double-digit increase in net income and what was described as its best first-quarter ever.. After-tax profit rose to about $706 million, a 17-percent increase over last year’s corresponding period. Revenue rose to roughly $4.7 billion, a 7-pecent rise. There were three management changes in Asian countries coupled with a slowdown in purchases in China. However, Co-CEO Bill McDermott said the company had confidence in the top management in the region.
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