Pakistanis angry over detentions in Times Sq. case Monday, May 24, 2010
ISLAMABAD – Relatives of three men detained by Pakistan for alleged links to the suspect in the attempted Times Square bombing say the men are innocent.
They
AFP - Thursday, August 6TAIPEI (AFP) - - Taiwan's Beijing-friendly government on Wednesday denied boycotting an Australian film festival amid a row over the e
BERLIN (Reuters) - Chancellor Angela Merkel suffered a double blow on Thursday as a senior party ally in east German
Minister seeks closure of anti-Berlusconi websites Wednesday, December 16, 2009
ROME (AFP) - – The Italian government moved Tuesday to close down Internet sites encouraging further violence against Prime Minister Silvio Berlusconi, who
By ELAINE KURTENBACH,AP Business Writer AP - Wednesday, March 18SHANGHAI - Asia's stock market rally seemed to be running out of steam Wednesday, despite an
Edition:
U.S.
Africa
Arabic
Argentina
Brazil
Canada
China
France
Germany
India
Italy
Japan
Latin America
Mexico
Russia
Spain
United Kingdom
Home
Business
Business Home
Economy
Davos 2012
Technology
Media
Small Business
Legal
Deals
Earnings
Summits
Business Video
The Freeland File
Markets
Markets Home
U.S. Markets
European Markets
Asian Markets
Global Market Data
Indices
M&A
Stocks
Bonds
Currencies
Commodities
Futures
Funds
peHUB
World
World Home
U.S.
Brazil
China
Euro Zone
Japan
Mexico
Russia
India Insight
World Video
Reuters Investigates
Decoder
Politics
Politics Home
Election 2012
Issues 2012
Candidates 2012
Tales from the Trail
Political Punchlines
Supreme Court
Politics Video
Tech
Technology Home
MediaFile
Science
Tech Video
Tech Tonic
Opinion
Opinion Home
Chrystia Freeland
John Lloyd
Felix Salmon
Jack Shafer
David Rohde
Bernd Debusmann
Nader Mousavizadeh
Lucy P. Marcus
David Cay Johnston
Bethany McLean
Edward Hadas
Hugo Dixon
Ian Bremmer
Mohamed El-Erian
Lawrence Summers
Susan Glasser
The Great Debate
Steven Brill
Geraldine Fabrikant
Breakingviews
Equities
Credit
Private Equity
M&A
Macro & Markets
Politics
Breakingviews Video
Money
Money Home
Tax Break
Global Investing
MuniLand
Unstructured Finance
Linda Stern
Mark Miller
John Wasik
James Saft
Analyst Research
Alerts
Watchlist
Portfolio
Stock Screener
Fund Screener
Personal Finance Video
Money Clip
Life
Health
Sports
Arts
Faithworld
Business Traveler
Entertainment
Oddly Enough
Lifestyle Video
Pictures
Pictures Home
Reuters Photographers
Full Focus
Video
Reuters TV
Reuters News
Article
Comments (0)
Follow Reuters
Facebook
Twitter
RSS
YouTube
Read
Subculture of Americans prepares for civilization's collapse
21 Jan 2012
Gingrich wants to hear his debate fans roar
24 Jan 2012
U.S. Marine spared from jail time in Iraq killings
24 Jan 2012
UPDATE 2-Megaupload founder refused bail in New Zealand
24 Jan 2012
Obama doubles down on taxing the rich
|
1:29am EST
Discussed
326
Subculture of Americans prepares for civilization’s collapse
205
Abortion safer than giving birth: study
160
Romney reports tax bill of $6.2 million for 2010-11
Watched
Angelina Jolie fascinated by "bizarre" Republican presidential race
Sun, Jan 22 2012
Obama: U.S. has "huge stake" in outcome of Arab Spring
Tue, Jan 24 2012
"Smart E-book" turns the page on reading technology
Sun, Jan 22 2012
SAP sets sights on fresh profit record
Tweet
Share this
Email
Print
Related News
UPDATE 4-CA ups FY outlook, boosts dividend; shares jump
Tue, Jan 24 2012
IBM sees 10 percent EPS growth in 2012 after solid Q4
Thu, Jan 19 2012
EBay results top estimates but outlook is cautious
Wed, Jan 18 2012
Goldman beats Street on lower expenses
Wed, Jan 18 2012
UPDATE 2-SAP beats forecasts with Q4 profit rise
Fri, Jan 13 2012
Analysis & Opinion
Facebook’s new class of apps expand the social vocabulary
M & A wrap: “Chief Yahoo” resigns
Related Topics
Tech »
Media »
FRANKFURT |
Wed Jan 25, 2012 2:28am EST
FRANKFURT (Reuters) - SAP, the world's biggest maker of business software, aims to set a fresh profit record this year as it banks on robust corporate spending on technology.
Investors have worried that they may have overestimated the resilience of corporate tech spending in a deteriorating global economy, especially after SAP's big rival Oracle Corp reported weak quarterly results last month.
But there have been increasing signs that the outlook may not be as dim as some feared. IBM Corp, the world's largest technology services company, brimmed with confidence for 2012 as it posted strong results last week.
"We have significant momentum going into 2012," SAP said on Wednesday as it published its full financial results for 2011.
The German company expects operating profit will rise to 5.05-5.25 billion euros ($6.6-$6.8 billion) at constant currencies from a 40-year record level of 4.71 billion in 2011. The outlook compared with a consensus of 4.91 billion euros, according to Thomson Reuters StarMine.
SAP had already reported a better-than-expected rise in fourth-quarter sales and profit on January 13.
It attributed the strong performance to demand for its biggest software products and growing demand for its HANA offering, which allows companies to analyze business data quickly, and said it had won market share overall.
SUCCESS FACTORS BOOSTS TOP LINE
SAP said it expects its 2012 revenue from software and software-related services to increase by 10-12 percent in the full year, of which up to 2 percentage points will be contributed by recently acquired SuccessFactors.
Most analysts had said they expected SAP to aim for 6-10 percent revenue growth from software and software-related services this year.
SAP agreed to buy SuccessFactors for $3.4 billion last month to keep up with rivals in the race for cloud-computing business. Its 2012 earnings will be diluted by the purchase, which will have a positive impact from 2013 on.
"We are well positioned to exceed our 20 billion euro revenue target and reach a 35 percent operating margin in 2015," Chief Financial Officer Werner Brandt said.
The company, based in Walldorf near Heidelberg, built its business on large, integrated software systems sold to many of the world's biggest companies, such as Apple, GE, McDonald's and Pepsi.
SAP has about 176,000 customers and bills itself as the world's leading provider of software for managing supply chains and customer relations.
SAP, whose stock has gained about 10 percent over the past year, trades at about 14.5 times 12-month forward earnings, at a premium to Oracle's multiple of 11.4 and IBM at 12.7, according to ThomsonReuters StarMine data.
($1 = 0.7704 euro)
(Reporting by Maria Sheahan; Editing by Dan Lalor)
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.
Edition:
U.S.
Africa
Arabic
Argentina
Brazil
Canada
China
France
Germany
India
Italy
Japan
Latin America
Mexico
Russia
Spain
United Kingdom
Back to top
Reuters.com
Business
Markets
World
Politics
Technology
Opinion
Money
Pictures
Videos
Site Index
Legal
Bankruptcy Law
California Legal
New York Legal
Securities Law
Support & Contact
Support
Corrections
Advertise With Us
Connect with Reuters
Twitter
Facebook
LinkedIn
RSS
Podcast
Newsletters
Mobile
About
Privacy Policy
Terms of Use
Our Flagship financial information platform incorporating Reuters Insider
An ultra-low latency infrastructure for electronic trading and data distribution
A connected approach to governance, risk and compliance
Our next generation legal research platform
Our global tax workstation
Thomsonreuters.com
About Thomson Reuters
Investor Relations
Careers
Contact Us
Thomson Reuters is the world's largest international multimedia news agency, providing investing news, world news, business news, technology news, headline news, small business news, news alerts, personal finance, stock market, and mutual funds information available on Reuters.com, video, mobile, and interactive television platforms. 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.