SAP Forecasts At Least 12% Profit Gain on Software Demand
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SAP AG, the biggest maker of business-management software, forecast at least a 12 percent gain in full-year earnings as it adds Internet-based programs to attract users and fend off competition from Oracle Corp.
Operating profit adjusted for some items will rise to 5.85 billion euros ($7.79 billion) to 5.95 billion euros from 5.21 billion euros in 2012, assuming unchanged exchange rates, SAP said today. Analysts project 6.11 billion euros, the average of estimates compiled by Bloomberg.