Earnings season is in full spate, which makes it hard to keep up with all of the news coming out of the vendor community. Here are a couple you may have missed:
SAP AG
SAP confounded investors on Thursday with results that were below expectations for the first quarter even while saying that the company believes it will meet its full year growth target (software and software-related services revenue growth of 10% to 14%). Total revenue was €3.02 billion, an increase of 21% as reported and 18% in constant currencies. Software revenue was €583 million, up 26% as reported, while maintenance revenue increased 19% to €1.66 million. SAP said that growth was driven by increased sales through partners and the channel as customers “embraced the company’s innovation and open ecosystem strategy” for its portfolio of business applications, analytics, and enterprise mobility solutions.
By region, performance was strongest in Asia, where software revenue was up 36%. Software revenue from the Americas was up 35%. Europe was a relative under-performer with software revenue up 15%. Within EMEA, revenue from Germany was up 9%, while the rest of EMEA was up 16%.
That sounds pretty good, but this revenue growth was helped by the consolidation of Sybase for the quarter. Disappointing investors (and leading to a 6% decline in share price) was net profit: at €403 million, it was up 4% from a year ago but well below expectations of €515 million.
PLM was not mentioned.
ESI Group
ESI announced on Tuesday that it had acquired intellectual property from Comet Technology, including Comet Acoustics for low frequency noise and vibration modeling. According to ESI, Comet’s customers include 3M, Denso, DOW, NASA and TRW Automotive. For now, the acquisition only encompasses technology, but Comet and ESI will jointly integrate Comet’s products into ESI’s vibro-acoustics solutions.
ESI reports final results for fiscal 2010 (ended January 2011) later today.
