SAP made an operating profit of €4.06bn on €16.22bn revenue in 2012, a margin of 25%. This contrasts with an operating margin of 34.3% in 2011, a fall of 9.3 percentage points.
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The figures were revealed in the company’s preliminary financial results for the fourth quarter (Q4) and full year ended 31 December, 2012.
SAP’s software revenue for the European region was €937m, compared with €865m in 2011 – an increase of 8%.
SAP Co-CEOs Bill McDermott and Jim Hagemann Snabe hailed 2012 as a record-breaking year.
“We achieved a breakthrough in the cloud and today SAP is the second-largest cloud player in the world," they said. "And we overachieved on our SAP HANA revenue ambition, making SAP the fastest-growing next generation database company in the market."
SAP’s in-memory database, HANA, approached €200m in software revenue in Q4, attaining almost €400m for the full year.
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The company’s mobile business contributed more than €220m to software revenue, achieving its full year revenue target.
SAP said annual cloud revenue is approaching €850m, while 12-month new and up-sell subscription billings for SAP cloud applications increased by a factor of 19 over the year.
The company will report its full and audited fourth quarter and full year 2012 results on 23 January.