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SAP’s Q4 better than expected: HANA, mobile sales responsible

SAP said its fourth quarter results will come in better than expected as new initiatives such as HANA—the company’s in-memory analytics system—and mobile software showed solid progress.

The enterprise applications software giant said revenue in the fourth quarter will check in at euro 4.5 million. Wall Street was looking for euro 4.47 billion. Software revenue was up 16 percent in the fourth quarter compared to a year ago and software related service sales were up 14 percent.
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