SAP Breaks Annual Sales Record but Misses on Q4 Profit
SAP has announced its Q4 and full-year results in an official news release. The company beat its own annual sales record, bringing in 16.3 billion euros ($21.8 billion) in 2012. That was 14% higher than 2011's figure. Operating profit came in at 5.2 billion euros ($7.0 billion) for the period, an 11% year-over-year gain.
For Q4, revenues totaled 5.1 billion euros ($6.8 billion), while operating profit was just under 2 billion euros. These numbers were 12% and 10%, respectively, above those of Q4 2011. The operating profit figure, however, was slightly beneath market expectations.
Following the unveiling of the results, the company's shares dropped by more than 5%.
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