SAP Sees Higher Profit on Analytics, Mobile Software Demand
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SAP AG, the biggest maker of business-management software, forecast operating profit will rise as much as 11 percent this year, helped by demand for its real-time analytics software and mobile applications.
Operating profit will be in a range of 5.05 billion euros ($6.6 billion) to 5.25 billion euros, based on accounting methods used by SAP for internal planning and excluding currency swings, the company said today. That compares with the 5.15 billion-euro average estimate of analysts compiled by Bloomberg. Software and related services revenue on that basis will rise by 10 percent to 12 percent.