CIMdata PLM Industry Summary Online Archive
25 April 2012
Financial News
SAP Announces 2012 First Quarter Results
SAP AG today announced its financial results for the first quarter ended March 31, 2012.
“We reported our ninth consecutive quarter of double-digit growth in non-IFRS software and software-related service revenue, with a strong contribution from SuccessFactors to our cloud business,” said Werner Brandt, CFO of SAP. “Free cash flow was very strong in the first quarter, increasing by 35% to €2 billion. This enabled us to return to positive net liquidity faster than expected.”
“We see strong momentum for our flagship in-memory platform SAP HANA, our cloud and mobile solutions, and our core applications and analytics products,” said Bill McDermott and Jim Hagemann Snabe, Co-CEOs, SAP. “Customers are embracing our high speed of innovation and the ability to orchestrate solutions across our entire portfolio. SAP continues to help companies run like never before – helping to solve fundamental business challenges with unmatched industry expertise. We’re confident that we’ll deliver on our business outlook for Q2 and the full year.”
An unabridged press release can be viewed at:
http://www.sap.com/news-reader/index.epx?category=ALL&articleID=18772&page=1&pageSize=10
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