SAP's booming revenues
October 24, 2012![SAP logo at the software giant's headquarters in Walldorf, Germany](https://static.dw.com/image/15969642_800.webp)
German software company SAP on Wednesday revised its 2012 revenue estimates to reflect the firm's growing confidence in its current market position.
SAP said it had now penciled in a 10.5 to 12.5-percent increase in full-year software and software-related sales, up from 11.35 billion euros ($14.7 billion) in 2011. "Assuming that the macroeconomic environment does not deteriorate, we expect to reach the upper end of the projected growth range," the company said in a statement.
The firm said it reckoned with over 5.05 billion euros in 2012 profits, compared with 4.7 billion euros in the previous year.
Clouded awareness?
SAP's third-quarter operating profit looked impressive at 1.24 billion euros, marking a 10-percent increase. But net profit slumped by 3.0 percent as earnings were impacted negatively by currency hedging in connection with acquisition policies.
SAP completed the takeover of California-based Ariba, a specialist in cloud computing. The German software giant aims to become the continent's or even the world's leading firm dealing with cloud-based business networks.
Through Ariba and other recent takeovers, SAP has increased its total workforce by roughly 6,000 to total 61,344 globally.
hg/hc (AFP, dapd)