SAP Posts 2012 Prediction, Larry Ellison not a Good Sport
Late this week business intelligence software maker SAP reported its annual earnings for the fiscal year ended December 31, 2011. It also published its outlook for this year.
Full year and non-IFRS (the international financial reporting standards, slightly different from the U.S’s GAAP) software and software-related revenue is forecasted to rise by 1o to 12 percent, compared with 2011’s 11.35 billion euros. This figure includes a 2 percent contribution from Success Factors–the multi-billion dollar deal to acquire the cloud HR company got the green light from regulators and shareholders just a few weeks ago.
Here are some of the other figures calculated by SAP’s resident financial wizards:
“The Company expects full-year 2012 non-IFRS operating profit to be in a range of euro 5.05 billion to euro 5.25 billion at constant currencies (2011:euro 4.71 billion). Full-year 2012 non-IFRS operating profit excluding SuccessFactors is expected to be in a similar range.
“The Company projects a full-year 2012 IFRS effective tax rate of 26.5% to 27.5% (2011:27.9%) and a non-IFRS effective tax rate of 27.0% to 28.0% (2011:26.6%).”
SAP can credit its growth to a lot of things – and the same goes for a very bold vision of realizing 20 billion euros, or roughly $25BN in revenue by 2015. One of the biggest things is the company’s proven ability to adapt to the IT market, thanks to a lineup of initiatives covering trends such as cloud computing, mobile, and last but not least, big data.
Reactions to the software maker’s expansion have been more moderate in the Oracle camp. Alex Williams attended the database behemoth’s earnings call yesterday, and covered Larry Ellison’s comments about his firm’s long time rival and specific bits of its portfolio: cloud services and HANA were Ellison’s topics of choice.
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