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BERLIN (AP) - Business software maker SAP AG said Thursday that its second-quarter profit grew 8 percent, citing market share gains and strong sales growth in all three major markets — Europe, Asia and the United States.
SAP is the world's largest maker of business-software applications that help companies do back-office work such as payroll, inventory management and accounting, ahead of U.S.-based rivals Oracle Corp. and Microsoft Corp.
The Walldorf-based company's profit rose to 449 million euros ($619.6 million) from 415 million euros a year ago, ahead of analysts' expectations of 395 million euros ($545.1 million). SAP also said that earnings were helped by a low effective tax rate of 25.8 percent.
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