SAP has announced its best-ever preliminary full-year and fourth quarter results for the German-based company’s 40-year history.
For the full year the company saw sales increase 14% to €14.23bn (£11.8bn) and operating profit increase by 88% to 4.88bn. Software revenue was up 22% for the period and software-related services sales increased by 16%.
By submitting your personal information, you agree that TechTarget and its partners may contact you regarding relevant content, products and special offers.
In the last quarter of 2011, SAP posted revenue growth of 11% to €4.5bn and profit growth of 206% to €1.7bn.
SAP said its performance was driven by growth in its core applications business, strong momentum for analytics and mobile solutions and accelerated growth for SAP’s in-memory HANA technology.
“In an uncertain environment, SAP delivered the best year in its 40-year history. We gained significant market share and achieved double-digit growth across all regions,” said Bill McDermott and Jim Hagemann Snabe, co-CEOs of SAP.
“SAP achieved excellent results both on the top and bottom line, expanding our operating margin while we continued to invest in go-to-market activities to capture future growth opportunities,” said Werner Brandt, CFO of SAP.
Angela Eager, analyst at TechMarketView, said: “Performance has been strong across the board both in terms of regions and the product portfolio, but what is particularly significant is that its new technology initiatives are accelerating and delivering revenue.”
The news comes as rival Oracle recently posted sales growth of just 2% for its second quarter results in December. Experts had anticipated sales of 7%. Hardware revenue for the quarter took the largest hit, down by 14%.
SAP will release its full financial details on January 25.