SAP updates full-year outlook based on strong Q2

SAP expects its full-year operating profits will be near the top of a previously announced range, based on strong software sales in the second quarter and "improved visibility" into the remainder of the fiscal year, the vendor said Tuesday. Non-IFRS (international financial reporting standards) operating profits for fiscal 2011 will come in at the high end of the previously estimated ?4.45 billion ($6.39 billion) to ?4.65 billion range, SAP said.

Source: http://www.infoworld.com/d/the-industry-standard/sap-updates-full-year-outlook-based-strong-q2-168091

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