SAP Posts Decline In Q4 Profit

SAP AG

reported a drop in its fourth-quarter profit. For 2013, SAP projects an operating profit of €5.85 billion to €5.95 billion. SAP's quarterly after-tax profit dropped 8% to EUR1.1 billion. Its revenue climbed 12% to EUR5.02 billion, while operating profit fell 5% to EUR1.59 billion. SAP shares closed at $77.52 yesterday.