SAP sees profitability rise on new web products

Logo of German company SAP is pictured at the CeBit computer fair in HanoverFRANKFURT (Reuters) – German business software group SAP said its profit would grow faster than revenues from traditional software and related services, helped by new web software products like cloud-computing and data analysis. SAP, based in Walldorf, southern Germany, is betting on faster growing, web-based software products that are less vulnerable to the economic downturn as there are no upfront costs for program licenses, hardware or installation. SAP said on Wednesday it expected operating profit this year to be 5.85-5.95 billion euros at constant currencies, up 12-14 percent from 5. …

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SAP sees profitability rise on new web products

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