|
|
25 Jan 2012
SAP, the world's largest software provider, reported a surge in fourth quarter profits capping off what it described as the ‘best year' in its 40-year history.
Net profit for the quarter almost tripled to €1.2bn (£1bn) compared to the same period last year, while total revenue increased by 11% to €4.5bn.
Full-year net profit increased to €3.4bn, while revenues reached €14.2bn.
SAP said it expects software and software-related services revenue to increase by 10-12% in 2012 and that operating profit is expected to increase from €4.7bn to between €5.05bn and €5.25bn, or as much as 11.5%.
"SAP performed exceptionally well in 2011, clearly exceeding its guidance for revenue and profit," said SAP's chief financial officer Werner Brandt.
"This record performance was driven by strong top line results with double-digit software revenue growth in all regions, resulting in year-over-year total revenue growth of €1.7bn and a record cash flow."
You may also like
Search thousands of financial jobs:
Search thousands of financial jobs:
Careers
Search for jobs
Click to search our database of all the latest accountancy roles
Create a profile
Click to set up your profile and let the best recruiters find you
Jobs by email
Sign up to receive regular updates with the latest roles suitable for you
Briefings
By looking at the reasons supplier statements became unfashionable, and the reasons why it is different today, this paper delves into the many benefits that can be obtained by automating the process.
Having a real and true view of your organisation’s current financial position, and having the right systems and processes in place, will ensure that you can make strong choices and are ready to capitalise on opportunities
AccountancyAgeInsight is a frequently updated resource centre for finance professionals, offering a free and easy-to-use digital library of briefings, white papers and other information resources. 
Visitor comments Add your comment