* Q4 operating profit 2.09 bln eur vs poll avg 2.14 bln
* Q4 SSRS revenue 4.38 bln eur vs poll avg 4.48 bln
* SAP had warned of negative currency effects
* Shares down 1.6 pct
FRANKFURT, Jan 10 German business software
company SAP reported slowing software revenue growth
on Friday, citing currency effects and its shift to
Internet-based services as it looks to compete with younger,
Fourth-quarter revenue from software and software-related
services edged up by 3 percent to 4.38 billion euros ($5.95
billion), falling slightly short of consensus estimates of 4.48
Excluding currency effects, the figure still grew by only 8
percent, the slowest rate in a year.
SAP, which is due to publish full quarterly results on Jan.
21, had warned in October that currency fluctuations could curb
2013 profit and revenue, singling out a weakening of the U.S.
dollar and Japanese yen against the euro at the time.
Top-line growth is also affected by the switch to cloud
computing, which hurts revenue growth because payments for
cloud-based services are made in instalments rather than in
advance. However, that effect is expected to even out in the
Fourth-quarter operating profit, excluding special items,
rose 6 percent to 2.09 billion euros, compared with a consensus
forecast of 2.1 billion euros. Excluding currency effects,
profit would have grown by 14 percent, SAP said.
The figures are in contrast to those of top rival Oracle
, which last month reported better than expected results
and provided an upbeat quarterly revenue outlook that spurred
cautious hope that it is on track to revive growth curtailed
last year by slow IT spending.
At 1253 GMT SAP shares were down 1.6 percent at 61.75 euros,
the worst performer on Germany's blue-chip DAX index.