By Charles King, Pund-IT, Inc. October 23, 2013
SAP’s recent Q3-2013 earning announcement certainly offered cause for smiles at the company, and for good reason. SAP’s revenues totaled $5.5 billion for the quarter, 2 percent better than the year-ago period. Plus, SAP’s earnings per share of $1.03 soundly beat the consensus of analysts who predicted 98 cents.
Some may view these results as pedestrian but they are in line with earnings recently posted by other enterprise software vendors. Continue reading