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.
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SAP Stock Soars After Software Maker Reports Revenue Spurt
Oct. 24, 2012
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Source: Copyright 2012 dpa Deutsche Presse-Agentur GmbH
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