In a tough second quarter of 2003 vendor SAP saw its software revenues fall by 13 per cent to €431m (£306m) - compared with last year's Q2 figures of €496m.
Total revenues for the second quarter of 2003 were down eight per cent to €1.6bn - compared with €1.8bn for 2002.
But SAP said its pro forma operating income - excluding stock-based payements and acquisition-related charges - increased 20 per cent to €388m during this year - compared to €324m in 2002.
The company also increased its operating income by six per cent to €340m, compared with €320m for the same period last year.
Henning Kagermann, SAP's chief executive officer, said in a statement: "The business environment remains tough, but we executed better than most of our competitors and, more importantly, we once again achieved our goals of improved operating margins and continued market share gains.
"We remain focused on investing in product innovation and on continually evolving our business to meet the requirements of a changing industry environment."
SAP's operating margin for the second quarter of 2003 was up three per cent to 21 per cent compared to the second quarter of last year.
The company claimed that, based on software revenues, it gained additional market share in the second quarter of 2003.
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