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Sales and hires surge at SAP

SAP has reported an 11% increase in sales and a headcount jump of 3,000 during the first quarter ended 31 March.

SAP has reported an 11% increase in sales and a headcount jump of 3,000 during the first quarter ended 31 March.

The enterprise software supplier said total revenues for the first quarter were €1.7bn (£1.18bn) compared with €1.6bn for the same  quarter last year. Operating income also rose by 12% to €374m.

“We are pleased to report another strong quarter for SAP,” said Henning Kagermann, SAP chief executive officer. “The continued  strength of SAP’s results is just another example of how far we have distanced ourselves from other software companies, and the gap continues to widen.

“Our strength is attributable to keeping a strong focus on driving innovation, building and maintaining a robust, complete and integrated product portfolio, and continuing to meet the needs and demands of our customers with a clear and concise product roadmap for the future of their software investments.” 

The headcount now stands at 33,200, which is a 10% increase on the same quarter last year. SAP is still recruiting globally and the expansion comes at a time of widespread redundancies at other major technology companies.

In the US alone, it is estimated that 60,000 IT and telecoms jobs have disappeared since last year, and SAP competitor Oracle has made 5,000 redundant following its acquisition of PeopleSoft.

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