SAP Q1 profit rises by 8 percent

German business software maker SAP reported first quarter an operating profit rise of 8% excluding special items, rising to 901 million euros, missing an average forecast of 968 million in a Reuters poll of analysts. The fact that this was lower was due to problems with its Asia-Pacific business. SAP Co-CEO Jim Hagemann Snabe told Reuters the German software company is gaining ‘radical market share’, despite missing analysts’ forecasts for Q1 results.