SAP’s 2015 Operating Profit Hits Record on Licence Renewals

SAP, Europe’s largest software company, on Tuesday reported record annual operating profits, driven both by year-end software licence renewals and customers’ converting to newer cloud-based software. Fourth-quarter operating profit, excluding special items, rose to EUR 2.28 billion (roughly Rs. 16,516 crores) from EUR 2.13 billion in the same period a year earlier. SAP said the […]