SAP has reported a 12% increase in net income to 435m euros ($646.3m) for the third quarter 2009, compared to 389m euros ($578m) in the same quarter last year. Revenue was down 9% at 2.51bn euros ($3.73bn). Skip related content
Operating income declined 1% to 606m euros ($900.4m), while diluted EPS increased 9% to 0.37 euros ($0.55). Cash flow from operations was 2.38bn euros ($3.54bn).
SAP said software and software-related services revenue declined 3% to 1.94bn euros ($2.9bn), with software revenue down 31% at 525m euros ($780m) and support revenue up 14% to 1.33bn euros ($1.98bn). Consulting revenue declined 22% to 484m euros ($719.1m), while training revenue declined 43% to 60m euros ($89.1m).
Geographically, EMEA revenue declined 7% to 1.34bn euros ($1.99bn), Americas revenue declined 11% to 850m euros ($1.3bn), and APAC and Japan revenue decreased 12% to 319m euros ($474m).
During the quarter, SAP acquired a majority stake in forecasting and replenishment software provider SAF Simulation, Analysis and Forecasting for $91m. It also announced collaboration with Microsoft and Accenture to develop a global carbon reporting, benchmarking, and analytics system for the Carbon Disclosure Project.
For the nine-month period, the company reported a 7% decline in net income to 1.22bn euros ($1.81bn), compared to 1.34bn euros ($1.99bn) in the same period last year. Revenue was down 9% at 7.5bn euros ($11.1bn).
Leo Apotheker, chief executive at SAP, said: "Despite the continued tough spending environment, we are pleased to see further progress in the evolution of our volume business as a result of smaller deals. In addition, we are driving more multi-year agreements, where customers buy and consume software over many periods."
The company expects 2009 non-GAAP operating margin to be in the range of 25.5% to 27%.
