SAP records Q3 EMEA revenue increase
Revenues climb 10% in EMEA region during quarter for business software provider.
Business software provider SAP has registered a 10% rise in EMEA revenues in its preliminary financial results for the third quarter of 2007 over the third quarter of 2006 to $1.77 billion.
The company's total sales for the quarter climbed 9% to reach $3.46 billion during the quarter ending September 30, while total net income grew 10% on year to $582 million.
SAP did not provide a specific breakdown of revenue for the Middle East.
"We are pleased to announce another strong quarter in which we continued to report double-digit growth in software and software related service revenues in each region and additional share gains among core enterprise application vendors," said Henning Kagermann, SAP CEO.
SAP made two major announcements during the last quarter: In September, it announced the acquisition of the software licence and maintenance business of SAP Arabia, followed less than a month later by the announcement of its plan to buy business intelligence firm Business Objects for approximately $6.8 billion.