SAP Corporate

SAP Sees ‘Very Solid Pipeline’ as Quarterly Profit Rises – Bloomberg

SAP AG (SAP), the biggest maker of business management software, said a “very solid pipeline” of new deals will help meet growth targets as demand picks up for mobile programs and software to process large amounts of data. First-quarter net income jumped 10 percent from a year earlier to 444 million euros ($587 million) helped by record sales in Asia, the Walldorf, Germany-based company said today. Analysts had estimated profit of 476 million euros in a Bloomberg survey. 

Read the source article at Bloomberg

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