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Last Updated: Thursday, 20 April 2006, 10:25 GMT 11:25 UK
SAP profits rise 11% on US sales
SAP chief executive Henning Kagermann
SAP boss Henning Kagermann wants the firm to keep growing
German software maker SAP, which is taking on US rival Oracle, has reported an 11% rise in first quarter earnings.

Net profit was 282m euros (195m; $348m) in the three months to 31 March, up from 254m euros a year earlier.

SAP said it has eaten into Oracle's market share and has won an increasing number of US orders, helping push license sales 22% higher to 528m.

Despite the upbeat announcement, earnings missed market forecasts and SAP shares fell 1.8% to 3.35 euros.

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