FRANKFURT, Germany (AP) -- Business software provider SAP AG says sales rose 12 percent in the fourth quarter thanks to strong results from Asia.
Revenues rose to EUR5.02 billion ($6.7 billion) from EUR4.50 billion in the same quarter a year earlier. Software revenue rose 22 percent in the Asia-Pacific-Japan region but only 8 percent in Europe, the Middle East and Africa.
The company, based in Walldorf, Germany, said Tuesday operating earnings fell 5 percent to EUR1.59 billion. That result was diminished by expenses of EUR151 million related to acquisitions and by EUR185 million from new, share-based compensation programs boosted by a rise in the company's stock price during the year.
SAP makes software to help companies manage back-office functions such as personnel and paying suppliers.
It releases detailed earnings including net profit Jan. 23.
Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.