Europe might have proved to be a tough place for hardware vendors to operate in over the last quarter but it seems to be a more fertile area for business if you are selling software as SAPs latest results demonstrate.
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The business intelligence specialist grew revenues in EMEA for its third quarter compared to the same period last year and was using the word 'record' to describe breaking through the €1bn barrier for the three months ended 30 September.
Software revenue increased by 17% to €1,026m with non software services revenue also increasing by 19% to €3.21bn. The three key areas delivering triple digit growth were cloud, mobile and SAP's big data HANA offering.
HANA revenue was €83m, which should help it hit full-year expectations of €320m. Mobile revenue was €48m and on the cloud front 12 months new and upsell subscription billings increased fourteen fold.
In the results statement the vendor also highlighted the contribution the channel had made: "Key industries such as retail, health sciences, manufacturing and energy as well as continued expansion of sales through SAP partners also contributed to the third quarter results."
Bill McDermott and Jim Hagemann Snabe, Co-CEOs said that the company was being bouyed by its focus on innovation and those areas that were growing fastest, including cloud and mobile, were proof that its strategy was delivering the right results.
“I am pleased with SAP’s overall performance in the third quarter,” said Werner Brandt, CFO at SAP. “We continued to invest in our cloud business in the third quarter. We remain focused on operating discipline and remain confident in our full-year outlook.”