SAP shows strong revenue despite Oracle fine

Summary:The company's operations showed improvement in 2010, but its profits are overshadowed by a reserve to cover the damages awarded to Oracle over the TomorrowNow lawsuit

SAP has reported strong results across its operations, although its fourth-quarter profit was hurt by a hefty payment to Oracle over the TomorrowNow lawsuit.

The enterprise applications giant reported fourth-quarter earnings of €437m (£375m) on revenue of €4.06bn, up 27 percent from a year ago. The company delivered software revenue of €1.51bn, up 35 percent on 2009. Software and software-related service revenue was €3.27bn, up 27 percent. For 2010, SAP reported earnings of €1.82bn on revenue of €12.46bn.

However, those results were overshadowed by a €933m reserve after Oracle won $1.3bn in damages in the TomorrowNow trial. Oracle sued SAP over TomorrowNow, a third-party maintenance unit, which it accused of intellectual property theft. SAP said that it intends to file post-trial motions to lower the damage award to Oracle.

For more on this ZDNet UK-selected story, see SAP: Solid fourth quarter earnings; TomorrowNow saps profits on ZDNet.com.


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Topics: Tech Industry

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Larry Dignan is Editor in Chief of ZDNet and SmartPlanet as well as Editorial Director of ZDNet's sister site TechRepublic. He was most recently Executive Editor of News and Blogs at ZDNet. Prior to that he was executive news editor at eWeek and news editor at Baseline. He also served as the East Coast news editor and finance editor at CN... Full Bio

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