SAP ‘Outshines’ Oracle as Software Sales Exceed Estimates

SAP AG, the largest maker of business-management software, reported fourth-quarter sales and profit that beat analysts’ estimates, triggering the steepest jump by its stock in more than four months in Frankfurt.

Revenue from software and related services climbed 12 percent to 3.72 billion euros ($4.7 billion) under accounting methods SAP uses for its forecasts, the Walldorf, Germany-based company said today. That compared with the 3.6 billion-euro average estimate in a Bloomberg survey of analysts. Operating profit gained 10 percent, also topping projections.

Stepping up rivalry with Oracle Corp., Co-Chief Executive Officers Bill McDermott and Jim Hagemann Snabe bolstered SAP last month with the $3.4 billion acquisition of SuccessFactors Inc. Oracle shares fell the most in more than nine years on Dec. 21 after the Redwood-City, California-based company reported profit and sales that missed estimates.

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- Posted: 2012-01-13 11:45:06

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