Even coming off a healthy quarter, business software titan SAP says it needs to cut costs for the coming year--and as elsewhere in the tech sector, that means job cuts.
SAP said Wednesday that for the fourth quarter, it had net income of 850 million euros ($1.1 billion) on revenue of 3.5 billion euros. Those figures represent a gain of 13 percent in net income and 8 percent in revenue year over year.
Revenue in software and software-related services at the Walldorf, Germany-based company was 2.7 billion euros, up 8 percent year over year.
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