Business software firm SAP has reported operating profit increases of 81 per cent to €557m compared with €307m for the same quarter in 2009, and profits before tax up 97 per cent from €196m in 2009 to €387m, as it benefited from a recovery in corporate software spending and a pick-up in US sales.
Revenue for Q1 2010 was up five per cent at €2.5bn from €2.4bn in 2009.
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SAP chief financial office Werner Brandt said: "SAP's solid top-line performance combined with an increasing operating margin puts us on track to achieve profitable growth long term."
SAP co-chief executive Bill McDermott said that SAP saw strong results from the rapidly expanding demand for SAP BusinessObjects solutions.
Walldorff-based SAP acquired French competitor Business Objects in 2008 for €4.8bn (£4.2bn).
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