Friday, October 20, 2006
Managing Automation :: SAP Q3 Net Rises 16% on Solid Software Revenue Gain
Managing Automation :: SAP Q3 Net Rises 16% on Solid Software Revenue Gain: "The numbers reported today appeared to put SAP back on its recent strong growth track, which, prior to the second quarter, showed a dozen quarters of double-digit performance.
'In a nutshell, our organic growth strategy has enabled us to win,' said Henning Kagermann, SAP chairman and CEO, during a conference call with financial analysts.
Total revenues for the third quarter ended September 30 rose 11% to €2.2 billion, from €2 billion in the like period last year. Total product revenue, which includes the €691 million in software license revenue as well as €884 million in maintenance revenue -- up 10% from last year's third quarter -- grew 13% to €1.5 billion. Consulting, service, and training revenues each climbed 8% from the comparable quarter."
'In a nutshell, our organic growth strategy has enabled us to win,' said Henning Kagermann, SAP chairman and CEO, during a conference call with financial analysts.
Total revenues for the third quarter ended September 30 rose 11% to €2.2 billion, from €2 billion in the like period last year. Total product revenue, which includes the €691 million in software license revenue as well as €884 million in maintenance revenue -- up 10% from last year's third quarter -- grew 13% to €1.5 billion. Consulting, service, and training revenues each climbed 8% from the comparable quarter."
