Reuters: Technology News: SAP says second-quarter software sales at top of target range

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SAP says second-quarter software sales at top of target range Jul 12th 2012, 11:54 FRANKFURT | Thu Jul 12, 2012 7:54am EDT FRANKFURT (Reuters) - Germany's SAP AG said second-quarter software revenues rose a currency-adjusted 19 percent, near the upper end of its target range. The world's largest maker of business software said on Thursday that software revenues, when measured by IFRS accounting standards, rose to 1.06 billion euros ($1.30 billion). It had previously predicted a 15-20 percent increase at constant currencies. Quarterly operating profit before special items rose 15 percent to 1.17 billion euros, above the Thomson Reuters I/B/E/S average analyst estimate of 1.11 billion euros. SAP shares reversed losses and traded 3.2 percent higher at 47.75 euros at 1148 GMT. ($1 = 0.8164 euros)

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