The manufacturer of computer programs for companies SAP reported a quarterly profit at the low end of forecasts as a result of weak sales of its unit Traditional software. This, to a rapidly changing customers cloud programs, lower margin.
Just like established rivals such as Oracle , IBM Microsoft , SAP try to boost Internet sales for containing new competitors growing rapidly as Workday and software unit via Amazon website.
Although this software is less profitable in the short term, suppliers expect higher earnings over time from subscription payments.
SAP , the largest software maker Europe, said its revenue in the second quarter climbed 20 percent to 4 billion 970 million euros, about 5000 $ 380 million, up 8 percent excluding changes in exchange rates, because the software sales cloud rose by more than double.
That he exceeded the range of analyst forecasts 4000 sales of between 810 million euros and 4000 euros 960 million.
But Traditional software sales of higher margin rose only 2 percent, less than the expected increase of 6.6 percent, given the weakness in emerging markets, particularly in Latin America.
SAP , whose clients include some of the largest multinationals in the world, specializing in business applications, from accounting and human resources to supply chain management.
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