SMB Customers, BI Projects Lift SAP’s First Quarter
May 3, 2010 Timothy Prickett Morgan
Application software bellwether SAP pulled off a pretty decent first quarter despite all the trials and tribulations at the company that lead to the ouster of its chief executive officer, Leo Apotheker in February. For the quarter ended in March, SAP’s sales rose by 5 percent, to €2.51 billion, and net income was nearly doubled, to €387 million. In the quarter, new software license sales hit €464 million, up 11 percent compared to a pretty awful first quarter in 2009, and support revenues were up by the same amount, to €1.39 billion. Subscription and other revenues relating to SAP’s online |