SAP earnings dinged by TomorrowNow trial
CNET, Jan. 26, 2011
January 25, 2011 at 07:00 PM
1 minute read
The original version of this story was published on Law.com
SAP's fourth-quarter profit was hurt by a hefty payment to Oracle over the TomorrowNow lawsuit, but the software company's operations showed improvement.
The enterprise applications giant reported fourth-quarter earnings of 437 million euros ($596 million) on revenue of 4.06 billion euros, up 27 percent from a year ago. The company delivered software revenue of 1.51 billion euros, up 35 percent from a year ago. Software and software-related service revenue was 3.27 billion euros, up 27 percent. For 2010, SAP reported earnings of 1.82 billion euros on revenue of 12.46 billion euros.
Read the full CNET story, “SAP earnings dinged by TomorrowNow trial.”
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