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Software giant SAP posts positive results, is upbeat for 2008

BERLIN, July 29, 2008 (AFP) - SAP, the world's biggest business software maker, posted Tuesday a second quarter net profit that fell by nine percent but nonetheless exceeded analysts expectations.

SAP made a profit of 408 million euros (642 million dollars) in the three months from April to June, or 0.34 euros per share.

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Oracle touts proof SAP stole software

SAN FRANCISCO, July 28, 2008 (AFP) - Business software giant Oracle claimed Monday that it has new proof that its German rival SAP looted its software libraries for competitive advantage.

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SAP partners with Vietnam tech firm FPT Corp.

HANOI, July 3, 2008 (AFP) - Business software provider SAP Asia Pacific Japan and Vietnam's information and communication company FPT Corporation on Thursday announced a new strategic partnership.

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Germany's SAP posts weak earnings, delays product launch

FRANKFURT, April 30, 2008 (AFP) - German software giant SAP said Wednesday that first quarter net profit fell 22 percent and disappointed investors as it delayed the launch of a new product for small- and medium-sized enterprises.

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Germany's SAP says earnings down ahead of product launch

FRANKFURT, April 30, 2008 (AFP) - German software giant SAP said Wednesday that first quarter net profit fell 22 percent as it spent more ahead of the launch of new products and was hit by charges from recent acquisitions.

SAP said profit fell to 242 million euros (377 million dollars).

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SAP business software launch tripped up: report

FRANKFURT, April 28, 2008 (AFP) - German software giant SAP has run into problems with its Business ByDesign product, with the full launch likely delayed and sales forecasts having to be cut, a press report said Monday.

The software, in which SAP has placed great hopes, is not performing as it should, the Handelsblatt business daily reported, citing sources close to the company.

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SAP says India is its fastest-growing market, sees no slowdown

BANGALORE, India, Feb 6, 2008 (AFP) - The world's biggest business management software maker SAP said Wednesday that India is now its fastest growing market as competition forces companies to use technology to cut costs.

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Business software giant SAP posts 2007 profit of 1.94 bln euros

FRANKFURT, Jan 30, 2008 (AFP) - The world's leading provider of business software, SAP, said Wednesday it expected sustained growth this year following a 3.0-percent rise in net profit in 2007.

Despite the euro's persistent strength against the dollar, SAP said its net profit had risen to 1.94 billion euros (2.86 billion dollars) in 2007, a gain of 3.0 percent from the year before.

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Software giant SAP says 2007 sales gained nine percent

FRANKFURT, Jan 14, 2008 (AFP) - SAP, the world's leading maker of business software, said Monday that 2007 sales grew nine percent to 10.26 billion euros, (15.29 billion dollars) but its profit margin was expected to slip slightly to 26.5 percent.

Software revenues for all of last year were approximately 3.4 billion euros, provisional figures showed.

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EU regulators approve SAP's takeover of Business Objects

BRUSSELS, Nov 27, 2007 (AFP) - EU antitrust regulators gave the greenlight on Tuesday to German business software giant SAP's takeover of French rival Business Objects.

'The (European) Commission concluded that the transaction would not significantly impede effective competition,' it said in a statement after reviewing the deal for antitrust threats.

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