The company’s profit declined to €618m for the quarter
German enterprise application software provider SAP has reported 16% growth in the third quarter revenue in 2012 to €3.95bn, compared to €3.4bn in the same quarter previous year.
The company’s profit declined to €618m for the third quarter, down from €1.25bn for the same period last year.
Operating profit declined to €921m for the quarter, compared to €1.76bn for the same period in the corresponding year.
Software and software-related service revenue increased 19% to €3.19bn, with a 17% growth in software revenues to €1bn and a 16% increase in support revenues to €2.1bn.
Total revenue rose by 29% in the Americas to €1.57bn while Middle East and Africa revenues were €1.71bn and the revenue grew by 26% to €661m in Asia Pacific and Japan.
Recently, SAP had acquired Ariba, a cloud-based business commerce network, for $4.3bn in a bid to expands its cloud based applications.
The company said that the third quarter profit after tax and EPS were negatively impacted by a €64m or €0.05 per share expense related to the currency hedging of the purchase price for the recently closed Ariba acquisition.
Earlier this month, SAP said that it its planning to unveil its HANA Cloud, a new cloud platform that is based on in-memory technology.