By Kirsten Wade
Defying global economic gloom, SAP AG has continued to achieve double-digit growth in non-IFRS software and software-related service revenue in the second quarter of 2012 – for the tenth consecutive quarter.
“We delivered double-digit growth in all regions driven by strong momentum from the core as well as SAP HANA, mobile and the cloud,” said Bill McDermott and Jim Hagemann Snabe, co-CEOs. “The results came in at the upper end of our second quarter software revenue guidance in an uncertain macro-economic environment.”
Software revenue increased 26 per cent to €1059 million, while non-IFRS software and software-related service revenue increased 21 per cent to €3.14 billion.
Hagemann Snabe and McDermott attributed the results to differentiation provided by “SAP’s customer-centric innovation strategy”.
