News Summary: SAP sales rise, outlook lifted

AP News
Posted: Oct 24, 2012 4:58 PM
News Summary: SAP sales rise, outlook lifted

THE NUMBERS: Business software maker SAP AG's third-quarter profit fell 51 percent because of a large year-ago gain stemming from a legal settlement. But revenue grew 16 percent, and the company lifted its sales outlook for the year.

THE CLOUD: SAP is benefiting from the increasing demand for "cloud computing," where software is hosted on remote servers and companies purchase only as much computing services as they need.

Hold The Damn Vote Already
Derek Hunter

EUROPE A DRAG: The German company said sales are growing in North America and China, helping offset flat revenue in Europe, where many countries are in recession.