SAP Q2 Profits Up 15 Per Cent

Enterprise software maker SAP has released its second-quarter US sales results for 2010.

The German software firm reported a net profit of €491 million, up 15 per cent on the €426 million net profit reported for the same period last year.

SAP reported a 12 per cent rise in revenue, up from €2.58 billion in Q2 last year to €2.89 billion.

The company says it received €617 million in revenue from consulting and other services. Revenue from support services rose 14 per cent to finish at €1.53 billion.

Speaking to news agency Reuters, SAP chief executive Bill McDermott said: "We still see the United States as a bellwether market, and it's a market (where) we are doing exceptionally well and that will continue."

“Customers continue to invest for growth across large, mid-sized and small enterprises and within many industries.”

SAP has said that it expects to see a rise in revenue of between 9 and 11 per cent from software-related services, after its $5.8 billion acquisition of Sybase added the developer's technology to SAP's software portfolio.