CIMdata PLM Industry Summary Online Archive
24 October 2012
Financial News
SAP Announces Record Third Quarter Results Exceeds €1 Billion in Third Quarter Software Revenue
SAP AG today announced its financial results for the third quarter ended September 30, 2012.
BUSINESS HIGHLIGHTS IN THE THIRD QUARTER
SAP delivered double-digit growth in the third quarter. SAP had a strong performance in the Americas and solid double digit growth in APJ. SAP performed well in EMEA compared to the tremendous performance in EMEA last year. Demand for SAP’s new innovation categories continued across all regions. SAP HANA revenue was €83 million, putting the company on track to meet full-year expectations of at least €320 million. Mobile revenue was €48 million which keeps SAP on track to meet full-year expectations of €220 million. SAP’s cloud momentum continued in the third quarter: 12 months new and upsell subscription billings increased fourteenfold. Even when including SuccessFactors in SAP’s 2011 numbers the growth is triple digit at 116%1. For SuccessFactors on a stand-alone basis, 12 month new and upsell subscription billings grew 92%. Non-IFRS cloud subscription and support revenue increased twentyfold to €80 million. SAP’s core business also saw solid growth. Key industries such as retail, health sciences, manufacturing and energy as well as continued expansion of sales through SAP partners also contributed to the third quarter results.
“Our innovation strategy continues to deliver world-class value and market leading performance,” said Bill McDermott and Jim Hagemann Snabe, Co-CEOs. “With SAP, businesses are innovating, achieving operational excellence and driving growth. We are proud of our relentless customer focus and confident that we’ll continue to outperform the competition.”
“I am pleased with SAP’s overall performance in the third quarter. This is the 11th consecutive quarter of double-digit non-IFRS software and software related service revenue growth for SAP,” said Werner Brandt, CFO. “We continued to invest in our cloud business in the third quarter. We remain focused on operating discipline and remain confident in our full-year outlook.”
To view an unabridged version of this press release, visit: http://www.sap.com/news-reader/index.epx?category=ALL&articleID=19792&searchmode=C&page=1&pageSize=10
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