SAP Fourth-Quarter Software Sales Hurt by Strengthening Euro
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SAP AG, the largest maker of business-management software, reported a decline in software license sales and slowing growth of its Hana data-processing engine, hurt by a strengthening euro.
Sales of software licenses, a source of future service revenue, fell 2 percent to 1.9 billion euros ($2.6 billion), the Walldorf, Germany-based company said in a statement today. Analysts predicted license revenue of 1.92 billion euros, the average of estimates compiled by Bloomberg. Revenue from Hana, SAP’s fastest-growing product, missed SAP’s guidance for the full year because of currency effects.