Investors feared to have overestimated these costs in a sluggish economy, especially after Oracle, SAP fierce rival, had poor quarterly results released last month.
But it seems that the prospects are less dull than some feared. IBM, the world leader in computer services, was confident in 2012, when it released strong results last week.
“We have solid momentum early this year,” said the world’s leading business software Wednesday.
SAP provides an operating profit of 5.05 to 5.25 billion euros in 2012 against 4.71 billion in 2011. The consensus Thomson Reuters StarMine gives 4.91 billion for 2012.
SAP had already reported, 13 January, profit and sales better than expected in the fourth quarter.
The German group said they had gained market share in all segments and distinguished in particular the growth in demand for its HANA solution that enables rapid analysis of company data.
He believes that the annual turnover from software and related services will increase by 10% to 12%, with a contribution from two points of SuccessFactors, recently acquired.
Most analysts believed that SAP would seek an increase in the turnover of 6% to 10% this year and an increase in operating margin of 50 to 100 basis points.
The purchase of SuccessFactors in December, intended to give SAP a strong position in the “cloud-computing”, dilute the results of 2012, the positive impact is expected for 2013.
“We are well positioned to exceed our target for a turnover of 20 billion euros and an operating margin of 35% in 2015,” said Chief Financial Officer Werner Brandt.
SAP has around 176,000 customers and presents itself as the world’s leading provider of logistics and customer relations.
SAP’s action, which won about 10% over one year is treated with 14.5 times its earnings over a period of one year against 11.4 and 12.7 for Oracle to IBM, according to Thomson Reuters StarMine.
After opening slightly higher, the action turned in early trade, yielding 0.74% at 44 euros.