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SAP sees profits rise in solid third quarter

Business software maker gets boost from sales in North and Latin America, reporting a 12 percent increase in earnings.

Business software provider SAP saw its profits rise by 12 percent in the third quarter of 2010, helped by solid sales in North and Latin America.

The Walldorf, Germany-based company, which specializes in business intelligence and analytic software for enterprises, today reported a quarterly profit of 501 million euros ($697 million), compared with 447 million euros a year ago. Financial analysts had expected SAP to hit 553 million euros.

Total revenue was 3.003 billion euros, compared with 2.508 billion euros the previous year--a jump of 20 percent.

Read more of "SAP sees profits rise in solid third quarter" at ZDNet UK.