SAP has achieved its fourth consecutive year of double-digit growth, with software and software-related service revenue increasing 11 per cent during 2013 (at constant currencies).
In preliminary results, cloud subscription and support revenue was a strong performer in 2013, increasing 130 per cent. SAP’s annual cloud revenue now exceeds €1.06 billion.
HANA software revenue also increased 69 per cent to €664 million, with customers showing strong interest in SAP Business Suite on HANA and HANA Enterprise Cloud.
“SAP invested significantly in innovation and successfully scaled its cloud business while maintaining operational discipline and reaching our 2013 operating profit outlook,” said Werner Brandt, CFO of SAP (pictured). “SAP expanded its non-IFRS operating margin by 140 basis points at constant currencies driven by operational excellence despite the margin impact from acquisitions and our momentum in the cloud.”
“Four years of double-digit growth clearly shows that our customer-focused innovation strategy is winning. We are one of the few global tech companies that has successfully managed the transition to the cloud while growing our core business and improving our profitability at the same time,” said Bill McDermott and Jim Hagemann Snabe, co-CEOs of SAP. “With the strong momentum of our industry leading HANA platform and SAP Cloud we bring simplicity to our customers and help them innovate faster.”
