Archive for July, 2012

SAP expects a strong second quarter

July 22nd, 2012


Software provider SAP expects a strong second quarter, with revenues up 18% on last year to €3.9bn (£3bn) for the three months to June and operating profits increasing by €920,00, a 7% increase.

In its preliminary results the German ERP giant said in a statement: “Our record performance speaks for itself. We delivered double-digit growth in all regions driven by strong momentum from the core as well as SAP Hana, mobile and the cloud. The results came in at the upper end of our second quarter software revenue guidance in an uncertain macro-economic environment.”

Oracle reports an 8% increase in profits

July 15th, 2012

Oracle reported an 8% increase in profits on a 1% increase in sales for the fourth quarter of its 2012 financial year. The business software maker reported sales of $10.9bn for the three-month period to 31 May, which was 1% higher than the same period a year ago. Profits grew to $3.45bn, some 8% higher than the same period last year. During the quarter, software sales of $8.14bn accounted for 75% of Oracle’s total sales, services fell 4% to $1.2bn, which was 11% of the total, and hardware-related sales were down 14% to $1.57bn.

Oracle CEO Larry Ellison said engineered systems such as Exadata as well as cloud computing would drive growth over the next 12 months.