German software giant SAP said Wednesday it is projecting a further
strong improvement in sales this year from last year's record levels,
and profits were also set to rise after falling in 2012.
confident we will continue our double-digit growth momentum in 2013 and
further improve our profitability," chief financial officer Werner
Brandt said in a statement.
As reported earlier, SAP achieved
record sales in 2012, beating its full-year forecasts, even though
acquisition costs hit earnings.
Overall revenues rose by 14
percent to 16.22 billion euros ($21.6 billion) and software and
software-related sales were up 16 percent at 13.16 billion euros,
exceeding expectations for an increase of 10.5-12.5 percent.
the same time, operating profit fell by 17 percent to 4.06 billion
euros, impacted by acquisition-related charges, the group explained.
Bottom-line net profit was down 18 percent at 2.826 billion euros.
Growth would be fuelled by SAP's recently acquired cloud-computing activities, it said.
German group completed its acquisition of California-based cloud
computing company Ariba for $4.3 billion at the beginning of October.