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SAP (SAP) Gains After Strong 2Q Earnings, Revenue

 July 12, 2012 08:05 AM
 

(By Balachander) SAP AG (NYSE:SAP) posted a rise in earnings for the second quarter as revenue jumped spurred by double-digit growth in all regions, and its shares rose 3.9 percent in premarket trading on Wednesday.

The Germany-based enterprise application software company said operating earnings rose 15 percent to 1.17 billion euros on a constant currency basis.

Total revenue rose 12 percent to 3.92 billion euros, with a 19 percent and 15 percent jump in software and software and software-related service revenue respectively.

Operating margin contracted 120 percentage points to 30.0 percent, partly hit by the acquisition of California-based SuccessFactors for about $3.4 billion last year.

All figures mentioned herein comes under SAP's International Financial Reporting Standards (IFRS).

American depositary receipts (ADR) of SAP, which has been trading in the 52-week range of $47.39 to $72.52, ended Wednesday's regular trading at $56.73.

 


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