SAP (SAP): Q2 net profit +10% on year to €724M, revenue +4% to €4.06B, adjusted operating profit...

|About: SAP AG (SAP)|By:, SA News Editor
SAP (SAP): Q2 net profit +10% on year to €724M, revenue +4% to €4.06B, adjusted operating profit +3.9% to €1.22B vs forecasts of €1.24B. Software and related services revenues +10% to €3.35B vs consensus of €3.41B. Sales of software licenses -3% to €982M vs €1.02B for the first decline in over three years, with Asia -9%. Cuts FY growth outlook for revenues from software and related services to +10% from prior forecast of 11-13%, but maintains operating profit guidance of €5.85-5.95B, up 12-14% from 2012. "The slowdown in China impacts many countries in Asia and you see that in our numbers this quarter," say Co-CEO Jim Hagemann Snabe. (PR)