SAP Posts Decline In Q4 Profit
SAP AG (NYSE: SAP) 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.
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