German group SAP, the world’s biggest maker of business software, said it expected operating profit to rise as much as 11.5 percent this year, more than market expectations.<\/p>\n
“We have significant momentum going into 2012,” SAP said on Wednesday as it published its full financial results for 2011.<\/p>\n
Full-year 2012 operating profit will rise to 5.05-5.25 billion euros ($6.6-$6.8 billion) from 4.71 billion in 2011. The outlook compared with a consensus of 4.91 billion euros, according to Thomson Reuters StarMine.<\/p>\n
SAP had already reported a better than expected rise in fourth-quarter sales and profit on January 13.<\/p>\n
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.<\/p>\n
Revenue from software and software-related services will increase by 10-12 percent in the full year, of which up to 2 percentage points will be contributed by recently acquired SuccessFactors.<\/p>\n
Most analysts had said they expected SAP to aim for 6-10 percent revenue growth from software and software-related services this year, and the operating margin widening by 50-100 basis points.<\/p>\n
SAP agreed to buy SuccessFactors for $3.4 billion last month to keep up 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.<\/p>\n","protected":false},"excerpt":{"rendered":"
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