Germany's SAP said today its fourth-quarter operating and net earnings rose on lower taxes and higher sales at the country's biggest software maker.
Operating earnings were €1.1 billion, up 10 per cent from the year-ago quarter. Net income rose 29 per cent to €799 million, boosted by a gain of €55 million from reduced taxes during the quarter.
SAP said it planned to evaluate opportunities to buy back shares in the future after buying back 27.9 million shares worth €1.1 billion last year