SAP to Meet Top End of Forecast as Sales Growth Beats Oracle.

I just read an article on the Bloomberg Businessweek website about SAP. SAP AG is the largest maker of business-management software and is said to reach the top end of its profit forecasts by this year after winning market share last quarter on demand for mobile and data-analysis offerings. On July 26th, it was said that second-quarter software license sales had increased 26 percent which had beaten estimates and rival Oracle Corp. Oraclae Corp. is an American multinational computer technology corporation that specializes in developing and marketing hardware systems and enterprise software products. Based on non-international financial repoting standards, full-year operating profit will be at the high end of a previous forecast range of about 4.45 billion euros which is 6.5 billion to about 4.65 euros exlcuding currency swings.

SAP rose as much as 2.8 percent to 44.69 euros in Franfurt yesterday which added about a 3.6 gain from Monday I believe after releasing second-quarter results. The stock was up to about 2.7 percent as of 9:33 a.m. The shares had also gained 17 percent this year giving the software maker a market value of about 54.8 billion euros. Oracle on the other hand slipped 0.2 percent to $32.15 Nasdaq Stock Market trading the day before. SAP had predicted to sell more of its core enterprise software products as a result of introducing new products. It was said that SAP is also benefiting from the use of Apple Inc.’s iPad tablet computer among those who can have mobile access to real-time business analytics and also provides the software for the order fulfilment behind Apple’s iTunes download system. While Oracle has spent more than $42 billion on takeovers since the beginning of 2005, SAP has made only two large acquisitions in its 39 year history. SAP bought Sybase INC., last year. In 2007, business-intelligence company Business Objects SA was acquired.

I am not too familiar with any one of these companies. However I have heard of both especially SAP. In my opinion, I think this is some interesting competition. They are both technology companies, but SAP is an European company. I think that's crazy how an European company is beating an American company, but then it is not to surprising given the fact that most of the things we use in American isn't made in America. You can read more of the article on the Businessweek website.
http://www.businessweek.com/news/2011-07-27/sap-to-meet-top-end-of-forecast-as-sales-growth-beats-oracle.html