SAP's Q3 profits sliced in half

Hannah Breeze
clock

Software giant's revenue continues to rise despite plummeting operating profits

German software giant SAP's operating profits took a battering in the firm's third fiscal quarter as they tumbled year on year by 48 per cent. For the three months to 30 September, the vendor sa...

To continue reading this article...

Join CRN

  • Enjoy full access to channelweb.co.uk - the UK’s top news source for the IT channel
  • Gain the latest insights through market analysis and interviews with channel leaders
  • Stay on top of key trends with the Insider weekly newsletter curated by CRN’s editor
  • Be the first to hear about our industry leading events and awards programmes

 

Join now

 

Already a CRN member?

Log in

You may also like
'In these dynamic times, SAP can't lose focus': The channel reacts to the vendor's partner summit

Reseller

CRN spoke to three SAP partners during its summit in Twickenham about their relationship with the vendor

clock 23 February 2024 • 9 min read
SAP partner summit: "Cloud migration still the biggest challenge and opportunity for the channel"

Vendor

CRN uncovers the key takeaways from SAP's UK and Ireland Partner Summit focused on the vendor's channel strategy

clock 22 February 2024 • 4 min read
SAP to pay more than $220m to settle bribery charges

Vendor

The settlement follows investigations by the US Securities and Exchange Commission and the US Department of Justice into alleged violations of the Foreign Corrupt Practices Act in South Africa, Indonesia and other countries

clock 12 January 2024 • 3 min read

Sign up to our newsletter

The best news, stories, features and photos from the day in one perfectly formed email.

More on Vendor

Westcon expands Palo Alto partnership to new European markets

Westcon expands Palo Alto partnership to new European markets

The distie will now be able to offer Palo Alto solutions to partners across Finland and the Baltics

clock 16 May 2024 • 1 min read
Cisco: Q3 revenue down 13 per cent in line with expectations, exec shuffle puts former Splunk CEO in president role

Cisco: Q3 revenue down 13 per cent in line with expectations, exec shuffle puts former Splunk CEO in president role

Jeff Sharritts is departing the networking giant after more than 20 years, meanwhile some of Splunk’s benefits to Cisco are coming through in the quarterly revenue numbers

Wade Tyler Millward
clock 16 May 2024 • 4 min read
Partners react to ESET World 2024: MDR, shrinking cyber teams and AI for threat actors and end-users

Partners react to ESET World 2024: MDR, shrinking cyber teams and AI for threat actors and end-users

At the cyber vendor's Bratislava conference, CRN sat down with two UK partners to get their take on the latest cyber trends

clock 15 May 2024 • 7 min read