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See the best of Reuters photography. See more | Photo caption Coal miners riot Clashes over Spain's proposal to decrease coal production. Slideshow Paralympic athletes A few of the athletes heading to London to compete in the Paralympic Games. Slideshow SAP defies tech gloom with strong software sales Tweet Share this Email Print Related News Diminished stimulus hopes send shares lower 12:07pm EDT Carrefour says sales weak, but not getting worse 6:24am EDT VW sees Porsche buyout clearing path to global leadership Thu, Jul 5 2012 Euro falls as Spain worry overshadows Greek vote Mon, Jun 18 2012 Analysis & Opinion Will ECB come to post-summit party? A German exit from the euro could be relatively easy Related Topics Tech » Media » FRANKFURT | Thu Jul 12, 2012 11:43am EDT FRANKFURT (Reuters) - Germany's SAP, the world's largest maker of business software, delivered a stronger-than-expected rise in profits led by robust sales, defying a weakening trend that has hit rivals. SAP said its software revenues, when measured by IFRS accounting standards, rose 19 percent to a record 1.06 billion euros ($1.3 billion) for the second-quarter. It had previously predicted a 15-20 percent increase at constant currencies. Quarterly operating profit before special items rose 15 percent to 1.17 billion euros, above the Thomson Reuters I/B/E/S average analyst estimate of 1.11 billion euros. SAP shares, down 9.4 percent in the last three months, traded up 4.7 percent at 48.35 euros by 1236 GMT. "The results are much better than the market had come to expect recently," one stock market trader said. "Very sound set of figures, given the macroeconomic uncertainties and the poor results of some competitors," said DZ Bank analyst Oliver Finger. Analysts pointed to robust demand for cloud computing, favorable exchange rates and the purchase of cloud-software developer SuccessFactors. Cloud computing provides software, storage and other services from remote data centers over the Web and holds the promise of reducing costs and improving efficiency. The company didn't give an outlook and the general feeling is that technology spending might weaken further as the euro zone's debt crisis deepens and U.S. job creation stagnates. There has been plenty of evidence of a weak second-quarter in the tech sector. U.S. software firms Qlik Technologies and Informatica Corp as well as Indian software services provider Infosys have issued estimates below market forecasts. Last month, however, SAP's main peer Oracle reported stronger-than-expected quarterly profit. SAP is expected to publish more detailed results and to provide a full-year outlook on July 24. ($1 = 0.8164 euros) (Reporting by Ludwig Burger; Additional reporting by Tom Koerkemeier, Nicola Leske and Andreas Cremer; Editing by Elaine Hardcastle) Tech Media Related Quotes and News Company Price Related News Tweet this Link this Share this Digg this Email Reprints We welcome comments that advance the story through relevant opinion, anecdotes, links and data. If you see a comment that you believe is irrelevant or inappropriate, you can flag it to our editors by using the report abuse links. Views expressed in the comments do not represent those of Reuters. For more information on our comment policy, see http://blogs.reuters.com/fulldisclosure/2010/09/27/toward-a-more-thoughtful-conversation-on-stories/ Comments (0) Be the first to comment on reuters.com. Add yours using the box above. 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Thomson Reuters journalists are subject to an Editorial Handbook which requires fair presentation and disclosure of relevant interests. NYSE and AMEX quotes delayed by at least 20 minutes. Nasdaq delayed by at least 15 minutes. For a complete list of exchanges and delays, please click here.

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