SAP reports record second quarter
Profits, revenue and software revenue all up in second quarter
SAP has recorded a bumper second quarter for 2012, with record software revenue, and double-digit software revenue growth across all regions.
The company reported revenues up 18% year on year for Q2 2012, to 3,898 million Euros ($4.7bn) and operating profit up 7% from 857m Euros to 921m Euros ($1.1bn).
Software revenue increased 26% to 1,059m euros, while new technology areas also increased with 85m Euros of revenue coming from SAP HANA, 54m Euros from Mobile and 69m Euros from Cloud. Cloud also posted a 112% increase year-on-year in 12 month new and upsell subscription billings for SuccessFactors, SAP's cloud-based human capital management (HCM) subsidiary.
SAP said it had double-digit software revenue growth across all geographic regions, and that is also saw more than 60% software revenue growth in financial services and retail sectors, and more than 20% growth in manufacturing sector.
"Our customer-focused innovation strategy is delivering exceptional business value for our customers and driving record results for SAP in an uncertain macro-economic environment," said SAP Co-CEOs Bill McDermott and Jim Hagemann Snabe.
"SAP stands apart in its ability to bring its customers innovations in cloud, mobile and in-memory computing on top of a proven, consistent and stable core. We will continue to provide game-changing solutions and remain on track to achieve our 2015 goals."
"We reached the upper end of our second quarter software revenue guidance range and were at the mid-point of the software and software-related service revenue guidance range," said Werner Brandt, CFO of SAP. "With this momentum in the first half of 2012 and our focused commitment to operational excellence we are on track to deliver on our targets for the full-year 2012 - in line with our 2015 goals."