SAP has published its first-quarter results for 2010, showing a doubling of profit since last year.
SAP netted €387m (£336m) after tax, or €0.33 (28p) per share, in the quarter ending 31 March, a 97 per cent increase on the €196m (£170m), or €0.17 (14p) per share, during the same quarter last year. Total revenue was €2.5bn (£2.17bn), up five per cent on last year's figures.
"We saw strong results from the rapidly expanding demand for SAP BusinessObjects solutions, as well as in our small and mid-sized enterprise business," said SAP co-chief executive Bill McDermott.
"We were also pleased by the strong performance in our focus industries as our customers are turning to SAP to help their businesses run better."
The results show SAP getting back on track after a difficult 2009, which was plagued by rounds of poor financial results, dwindling customer satisfaction due to increasing enterprise support costs, a lack of company direction and an employee survey which showed that staff are disappointed with SAP's leadership.
SAP recently announced new leaders following the departure of former executives, including chief executive Leo Apotheker, chief operating officer Erwin Gunst and board member John Schwarz. The firm also recently conceded in a row with its customers over higher support costs by introducing a more affordable support offering.
Also today, the SAP UK and Ireland User Group announced that it will work with SAP to make it easier for customers to get involved in the company's product roadmap.
The aim is to provide customers with more visibility into the product development process so that they can better plan future implementations.
The SAP UK and Ireland User Group will work with SAP through interaction with SUGEN, a network of 12 SAP user groups from around the world.
"Greater input into, and visibility of, product roadmaps has been a long-standing wish for many of our members," said George Mansfield, SAP UK & Ireland User Group director.
"This is a great milestone in SUGEN and the User Group's relationship with SAP, and clearly shows the renewed focus that the company has in listening to its customers and receiving greater input from them."
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