SAP officials said they have ironed out some kinks in sales and expect revenue from software and services to jump 14 percent to 16 percent year-over-year in the second quarter.

Company officials struck an optimistic note. "The execution issues that impacted our results in the first quarter were local," and have "nothing to do with demand for business software in general," co-president .

On Thursday, Google reported that its by 61 percent to $2.89 billion, while revenue jumped 24 percent to $10.65 billion. The company also announced a two-for-one stock split designed to increase the volume of its shares on the market and make them more affordable to a broad array of shareholders, without affecting the voting power of its senior managers.

CEO Larry Page tried to assuage concerns about a decline in the average "cost per click" paid to Google by advertisers. The figure has been affected by the increasing use of mobile devices, where ads are cheaper. Page, however, suggested that mobile ads will end up costing more as local businesses increasingly reach out to potential buyers via mobile devices.

Meanwhile, that showed PC shipments growing faster than expected in the first quarter.