Updated: Wednesday, 23 January 2013 16:02 | By Agence France-Presse

SAP sees 'double-digit' growth in 2013 after record 2012

German software giant SAP said on Wednesday it is projecting a further strong improvement in sales this year from last year's record levels, and profits were also set to rise after falling in 2012.

SAP sees 'double-digit' growth in 2013 after record 2012

SAP sees 'double-digit' growth in 2013 after record 2012

"We are confident we will continue our double-digit growth momentum in 2013 and further improve our profitability," chief financial officer Werner Brandt said in a statement.

As reported earlier, SAP achieved record sales in 2012, beating its full-year forecasts, even though acquisition costs hit earnings.

Overall revenues rose by 14 percent to 16.22 billion euros ($21.6 billion) and software and software-related sales were up 16 percent at 13.16 billion euros, exceeding expectations for an increase of 10.5-12.5 percent.

At the same time, operating profit fell by 17 percent to 4.06 billion euros, impacted by acquisition-related charges, the group explained.

Bottom-line net profit was down 18 percent at 2.826 billion euros.

Growth would be fuelled by SAP's recently acquired cloud-computing activities, it said.

The German group completed its acquisition of California-based cloud computing company Ariba for $4.3 billion at the beginning of October.


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