SAP News: SAP Growth Rate Increase but Profits Drop

SAP AG got the 4th Quarter revenue of $3.65 billion from software and software related services. This was a total of around 13 Percent rise from the last year. But it’s net profit decline by 6 percent year over year to $1.12 billion due to it’s launch of Business ByDesign.

“We expect new innovations like SAP Business ByDesign to help us capture tremendous opportunities in untapped segments in the midmarket,” said Chief Executive Henning Kagermann. “In addition, the recent acquisition of Business Objects makes us the clear leader in business performance optimization products, which will help us further penetrate the fast-growing business user segment and will be another driver of growth as we move ahead.”

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