SAP profits higher than expected

SAP sign on Walldorf headquarters building
Image caption SAP is the world's biggest maker of business software

German business software giant SAP has reported better-than-expected profits, sending its share price higher.

The company said operating profit for the fourth quarter rose 10% to 1.78bn euros (£1.47bn, $2.3bn). Analysts had forecast a profit of about 1.65bn euros.

Operating profit for the whole of 2011 increased 18% to 4.71bn euros, beating the company's own guidance of 4.45-4.65bn euros.

Shares in SAP rose 3.6% in Frankfurt.

Software and software-related licence revenue, which includes new licences and maintenance, gained 15% for the full year. The company had targeted a 10-14% rise.

SAP will publish its full quarterly results, as well as its outlook for 2012, on 25 January.

More on this story

Related Internet links

The BBC is not responsible for the content of external Internet sites