SAP Grabs Bigger Share Of U.S. Market - InformationWeek

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Software // Enterprise Applications

SAP Grabs Bigger Share Of U.S. Market

A bigger share of the U.S. market drove SAP's better-than-expected license sales for its first quarter ended March 31, proving the German software maker is holding its own against staunch competitor Oracle.

U.S. revenue for software, licensing, and maintenance rose 27% to $172 million, compared with the same quarter last year. Globally, sales for that part of SAP's business were up 17% to $555 million. Total revenue for the first quarter grew 11% from a year ago to $2.2 billion. Net income for the quarter reached $331 million, up from $299 million in the year-ago quarter.

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