Wednesday, November 30, 2022

SAP Revenue Rises 11% in First Quarter, But Margin Shrinks

Computerworld: Enterprise software vendor SAP has released preliminary financial data for the first quarter, and the company said revenue climbed 11 percent compared to last year, hitting €3.35 billion ($4.36 billion). However, margins declined from 19.7 percent in 2011 to 18.8 percent this year, for total income of €630 million ($820 million).

Thanks to a backlog of pending deals, the company expects to post stronger results in the second quarter, with projected revenue growth of 15 to 20 percent.

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