SAP AG (SAP: Quote) said its IFRS profit attributable to owners of parent for the first quarter increased to 444 million euros or 0.37 euros per share from 403 million euros or 0.34 euros per share in the year-ago quarter. Non-IFRS profit attributable to owners of parent rose to 583 million euros from 528 million euros in the prior year. Non-IFRS basic earnings per share improved to 0.49 euros from 0.44 euros reported last year.
Total IFRS revenue for the three-month period improved to 3.35 billion euros from 3.02 billion euros in the previous year, while non-IFRS revenue climbed to 3.36 billion euros from 3.04 billion euros in the prior year.
Going ahead, SAP expects second quarter 2012 software revenue to increase in a range of 15% - 20% at constant currencies. The company also expects second quarter non-IFRS software and software-related service revenue to increase in a range of 14% - 16% at constant currencies.
In addition, the company reiterated its forecast for full-year 2012. SAP expects full-year non-IFRS software and software-related service revenue to increase in a range of 10% - 12% at constant currencies. Also, the company expects full-year 2012 non-IFRS operating profit to be in a range of euro 5.05 billion - euro 5.25 billion at constant currencies.
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by RTT Staff Writer
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