SAP reports earnings slump on weak dollar

SAP AG, the world's biggest maker of business-management software, reported its steepest quarterly profit decline in almost six years on acquisition-related costs and a weaker dollar.

Net income in the first quarter fell 22 percent to 242 million euros from 310 million euros a year earlier, SAP said yesterday.

Software license sales, a gauge of future fees from maintenance and consulting, rose 11 percent to 622 million euros.