SAP grabs Oracle market share

SAP, the world’s biggest maker of business software, has taken market share from arch rival Oracle for the first time in 18 months, analysts said yesterday after seeing SAP results. The German company has raised its outlook and said licence revenues jumped 35 per cent in the second quarter. Net profit for the three months to June jumped 20 per cent to €588m (£519m). The firm’s shares close up 1.2 per cent.