One of the most recognizable names in the software industry, SAP is continuously bouncing back and has just marked a 12% net profit growth for the third quarter of 2010. This number if congruent to the company’s full-year targeted forecast.

“All of the regions reported growth in the third quarter, with particular strength in the US and the emerging markets of Asia, Europe and Latin America,” a statement from the chief financial officer of SAP, Werner Brandt.

The German-based software giant has set a quarterly net profit recovery and rose to 501 million Euros or 692 million US dollars compared from last year’s performance of the same period that gave them only 447 million Euros.

Analysts are keen in noting that this net profit gain’s chief drivers are their software and software-related services. The revenue from these arms recorded a 20 per cent increase and gave them a whopping 2.32 billion Euros. These business analytics among its customers have been on top of the long list of priorities of the organization ever since potential and growth were observed.

The revenue was a good mix of all SAP’s enterprise: small, medium-sized and large-scale.

In an official statement SAP representative reiterated to the market and the public the company’s business portfolio and full-year outlook in conjunction with their software and software-related services revenue: 9 percent to 11 percent growth within constant currency rates. This outlook has not changed since it was released earlier this year.

Note that these results were computed against international financial reporting standards and have included SAP’s acquisition of Sybase and its operations and revenue. SAP bought Sybase on July 26^th.

From July to September, SAP has made a strong impact in the financial market and these earnings gave the company a big boost in all regions.

Following these great results and solid performance, group shares declined by 3.2 percent to 37.06 Euros.  In the midst of SAP’s strong performance is a legal woe from competitor Oracle, bringing SAP to put a gag order request in for Larry Ellison’s company this week.  “This is SAP trying to contain the damage from a public relations standpoint,” says Dave Vellante, Senior Analyst and founder of Wikibon.org. “It knows Oracle is in the catbird seat here and won’t hesitate to use SAP’s transgressions to its marketing advantage. SAP for its part is trying to control the bleeding.”