In a statement, SAP posted a 19-percent rise in third-quarter operating profit, excluding special items, to 1.62 billion euros (USD 1.84 billion) as revenue rose 17 percent to 4.12 billion euros. In constant-currency terms, revenue rose 10 percent.
While most IT players are facing heat in India for the April-June quarter, global IT software major, SAP, surpassed expectations with its second quarter performance. Speaking to CNBC-TV18 exclusively, its global CEO says that India revenues have grown a whopping 33% annually.
SAP co-CEO Jim Hagemann Snabe talks about the co-CEO model, the next big idea and the future of software companies
SAP's Co-chief executive officer Bill McDermott tells CNBC-TV18 in an exclusive interview that SAP has seen a 56% growth year-on-year in Indian software sales, and adds that the company is bullish on India.
SAP AG will try to convince a US judge on Wednesday to slash or toss outright a USD 1.3 billion verdict it suffered at the hands of Oracle Corp.
Revenues from Asia Pacific & Japan have jumped by 27% YoY touching 431 million euros. In an interview with CNBC-TV18’s Kritika Saxena, the Global Co-CEO Bill McDermott of SAP gave his perspective of the fourth quarter performance and their divulged future plans.