SAP APJ records Double-digit Software Revenue Growth

VARINDIA- INDIA'S FRONTLINE IT MAGAZINE

 

SAP Asia-Pacific Japan (APJ) has announced another record quarterly performance.  The territory's Q1 2012 results showed a 19% growth year-on-year in Non-IFRS Software Revenue to €123 million (16% at Constant Currencies).

Steve Watts, President, SAP Asia-Pacific Japan, said, "Q1 2012 has been the best first quarter we have ever achieved in APJ - and is our ninth consecutive quarter of double-digit growth for SAP. APJ region stands out as a consistent growth engine in SAP's global performance. Our key regional markets led the way once more with solid double-digit growth and particularly strong growth in key developing markets.

"Our customers continue to respond positively to our breakthrough innovations in in-memory (HANA), database and mobility.  In Q1 2012, we achieved €28 million in HANA revenue and €21 million in mobile revenue globally - a growth of more than 30% in the first quarter. SAP's growth strategy is based on customer-centric innovation and our positive results clearly show that our approach is meeting the market's demands. Our pipelines are strong and we continue to see strong demand for SAP's innovations for the rest of 2012," He further added.

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