SAP ‘Outshines’ Oracle as Software Sales Exceed Estimates
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SAP AG, the largest maker of business-management software, reported fourth-quarter sales and profit that beat analysts’ estimates, triggering the steepest jump by its stock in more than four months in Frankfurt.
Revenue from software and related services climbed 12 percent to 3.72 billion euros ($4.7 billion) under accounting methods SAP uses for its forecasts, the Walldorf, Germany-based company said today. That compared with the 3.6 billion-euro average estimate in a Bloomberg survey of analysts. Operating profit gained 10 percent, also topping projections.