By Anne Widjaja
After a preliminary review of SAP’s 2011 fourth quarter financial results, SAP AG has announced that the company has achieved its best ever full-year and fourth quarter financial results.
The results revealed outstanding growth in SAP’s core applications business and strong momentum for analytics and mobile solutions – which contributed more than €100 million to software revenue.
However, the most exciting result was the accelerated growth of SAP HANA, which significantly exceeded the company’s ambitious €100 million target, reaching revenue of more than €160 million. The result marked a significant milestone for the seven-month old application.
“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.
SAP also reported a record figure for software revenue for 2011, increasing 25 per cent to almost €4 billion for the full year. Non-IFRS software and software-related revenue increased 17 per cent.
These results reveal that the company has gained significant market share, according to SAP co-CEOs Bill McDermott and Jim Hagemann Snabe.
“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.
Our innovation strategy is winning. Customers see the incredible value we deliver and recognize that SAP is the better choice.”