1. Skip to content
  2. Skip to main menu
  3. Skip to more DW sites

SAP earnings

April 21, 2015

German business software maker SAP has reported a decent rise in operating profit for the first quarter. The company said the result was helped by a weak euro. The firm expected flat growth for the full year.

Deutschland Logo von Softwarehersteller SAP in Walldorf
Image: picture-alliance/dpa/U. Deck

Europe's largest software company, Walldorf-based SAP, said first-quarter operating profit rose by 15 percent to 1.06 billion euros ($1.13 billion), compared with the same quarter the year before.

The result was boosted by a weak euro, making German exports cheaper abroad. Without the currency effect, earnings dropped, as SAP continues to implement its new business model of selling Cloud-based products rather than offering software that is directly installed on clients' servers.

Firm outlook

The transition is costly, and the new business model delivers less money up front, which is affecting profitability for now.

SAP also said costs from recent takeovers were affecting the bottom line.

SAP Innovation Center opens near Berlin

01:17

This browser does not support the video element.

SAP reiterated its full-year forecast for operating profit of between 5.6 billion euros and 5.9 billion euros at constant currency exchange rates.

ng /hg (Reuters, dpa)

Skip next section Explore more
Skip next section DW's Top Story

DW's Top Story

Skip next section More stories from DW