SAP shows strong revenue despite Oracle fine

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

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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.

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SAP to pay interest in $1.3bn Oracle case

A judge has ordered the German software company to pay interest as well as a $1.3bn fine to Oracle for the actions of its now-defunct subsidiary TomorrowNow

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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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