German business software maker SAP reported fourth-quarter profit and revenues that beat the market's expectations Wednesday. The company also predicted a rise in software revenues this year, but said margins would fall.
SAP reported fourth quarter net income of 799 million euros ($1.04 billion), or 0.66 euros a share (86 cents a share), up from 619 million euros ($805 million), or 50 euros a share (65 cents a share). Excluding one-time items, SAP reported a porfit of 0.62 euros, or 81 cents a share. Analysts surveyed by Thomson Financial predicted a profit of 78 cents a share.