SAP NET DROPS AS REVS RISE
- Friday, 21 October 2016
- News and Analysis
Revenue growth for SAP accelerated for the third quarter ended September 30, although its after-tax IFRS profit dropped by 19 percent from last year's corresponding period. The 9-percent increase for the third quarter was ahead of the 6 percent registered for the nine months. CEO Bill McDermott said in this week's earnings webcast company is raising its 2016 outlook for the top and bottom line.
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