SAP APJ Sees 19% Software Revenue Growth In Q1

SAP Asia Pacific Japan (APJ) has announced a good quarterly performance. The territory’s Q1 2012 results showed a 19 percent growth year-on-year in Non-IFRS Software Revenue to €123 million (16 percent at Constant Currencies). This follows 2011’s full year results which delivered the best ever performance in the company’s 40-year history.

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 percent 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 added.

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In Q1 2012, SAP APJ’s Non-IFRS Software Revenue grew 19 percent, to €123 million (16 percent at Constant Currencies). Non-IFRS Software and Software Related Services Revenue grew 22 percent to €440 million (16 percent at Constant Currencies), while Non-IFRS Total Revenue saw a corresponding 22 percent growth to €529 million (16 percent at Constant Currencies).

“This year, SAP’s 40th year, SAP APJ has again delivered its best ever Q1 results. Developing markets continue to grow faster than the overall APJ market, with very balanced performance across the region.” said Watts.

“We are pleased to see the continued and accelerating acceptance by customers of our innovations. For example, Australia & New Zealand Banking (ANZ Bank) has signed a $4.5 million software license deal for a multi-channel banking solution in Asia. Built on the Sybase 365 platform with SAP Marketing Sales and Service for Banking, this multi-channel solution will be deployed in Hong Kong, Singapore and China,” he added.