The share price of SAP AG surged nearly 6 per cent
Wednesday after Europe's biggest software company said its
third-quarter revenues surged especially in the Americas and Asia.
Fees from its business software users, a large part of the German-based company's revenue, increased 17 per cent from a year earlier to 1.03 billion euros (1.34 billion dollars).
The stock traded at 55.65 euros in Frankfurt in the early afternoon, the top performer in the DAX index of 30 German shares.
Revenue shrank by 1 per cent year-on-year in Europe, the Middle East and Africa in the third quarter, but this was offset by revenue growth of 37 per cent in the Americas, and 18 per cent in the Asia-Pacific region buoyed by sales in China and Japan.
SAP also scored strong growth with new database technology, cloud computing and software for mobile devices.
Most Popular Stories
- SEO Traffic Lab Celebrate Wins at Digital Marketing Event 'Internet World 2013' in London
- Social Media Initiatives Should Follow Customers' Lead
- Apple CEO: Offshore Units Not a 'Tax Gimmick'
- U.S. Senate Accuses Apple of Large-scale Tax Avoidance
- UTEP Water Recycling Project Wins Venture Titles
- Marketo Makes a Mint in IPO: Stock Shoots Up More than 50 Percent
- Bieber Booed at Billboard Awards
- Crude Oil Up, Gasoline Down
- Austin Startup Compare Metrics Raises $3.5 Million for Expansion
- Why So Many Top 'Car Guys' Are Actually Women