SAP Q3 revenue grows to €3.41bn.

 

SAP has just posted a 146% growth in operating profit. SAP third quarter software revenue grew at its fastest rate in a decade, as its operating profit soared 146% to reach €1.76bn, compared to €716m in 2010. The company’s total revenue was €3.41bn, compared to 2010 figures of €3bn, an increase of 14%.

Software revenue grew 28% to reach €841m, compared to €656m in 2010, while support revenue climbed 13% to reach €1.757m.

The Germany-based enterprise application software company said that efficiency gains combined with operational efficiency led to the record performance.

The company said that its pipeline continues to remain very strong and companies continue to invest in IT. It said that despite the uncertainty in “macroeconomic environment”, its outlook for 2011 remains unchanged.

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