Customer confidence fuels SAP Q2 performance

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Customer confidence fuels SAP Q2 performance

Simon Quicke

Renewed customer confidence and a return to spending on both software and support fed into SAP's financial performance as the German vendor continued to climb out of the recession.

The vendor unveiled its Q2 numbers for the three months ended 30 June and it made better reading than the second quarter last year when restructuring charges and a tough market hit the results.

This time around revenue was up 9% year-on-year to €2.8bn and operating post tax profits increased by 15% to €491m.

Co-CEO Bill McDermott highlighted returning customer confidence as one of the main factors in the sales of both software licenses and the associated services.

"Customers continue to invest for growth across large, midsized and small enterprises and within many industries," he said.

He also highlighted a strong performance in its key markets, which include Europe and the US, as well as emerging markets in Latin America and Asia.

His co-CEO Jim Hagermann Snabe added that it was aiming to expand its reach in the SME space with the launch of its hosted Business ByDesign platform which is launched at the end of this week.

The other highlight of the results was the completion of the cash tender off for the outstanding shares of Sybase, which will continue to operate as a separate company. SAP made a $5.6bn move to buy the database company back in May.

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