SAP releases preliminary 2012 full year and Q4 results

By Eleanor Reader

SAP AG has released its preliminary financial results for full year and
fourth quarter 2012, reporting an 11 per cent rise in sales from the
last quarter.

Non-IFRS software and software-related revenue increased by 13 per cent
for the full year, with a strong increase of 23 per cent in the Asia
Pacific Japan region.

With software revenue for the Americas region growing a much lower 3 per
cent and Europe, the Middle East and Asia growing 8 per cent, the
quarterly result was not enough to beat SAP’s main competitor Oracle,
which recently reported a 17 per cent jump in quarterly software
revenue.

“This fourth quarter is the 12th consecutive quarter of double-digit
SSRS revenue growth. Thereby our total revenue for the first time
exceeded €5 billion in a quarter,” said Werner Brandt, CFO of SAP. “We
invested significantly in key innovations while expanding our global
go-to-market activities to further strengthen our mid-term growth
ambition.”

Despite the year not finishing as strongly as expected, SAP reported a
good year overall with growth noted in key innovation areas, SAP HANA,
mobile and cloud.

SAP HANA experienced triple-digit growth over the year, contributing €400 million to the €16 billion in full year total revenue.

SAP’s mobile business achieved its full year revenue target, contributing more than €220 million to software revenue.

SAP’s strong cloud momentum also continued in the fourth quarter with
the total revenue of SAP’s two cloud segments reaching €850 million.

Non-IFRS cloud subscription and support revenue in the fourth quarter increased more than 25 times to €159 million.

“2012 was an outstanding year where we set many new records. We
continued our double-digit growth momentum and exceeded our revenue
guidance. We achieved a breakthrough in the cloud and today SAP is the
second largest cloud player in the world. And we overachieved on our SAP
HANA revenue ambition, making SAP the fastest growing next generation
database company in the market,” said SAP co-CEOs Bill McDermott and Jim
Hagemann Snabe.

“With our inspired people and our customer-centric innovation strategy,
we are perfectly positioned to continue our growth momentum in 2013.
With SAP Business Suite on HANA, we are redefining the software industry
and opening up a new world of growth opportunities for our customers.”

The company will report its final fourth quarter and full year 2012 results on 23 January, including the outlook for 2013.

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