Strong First Quarter Financial Results

April 27, 2004 by admin

These results are consistent with the positive first quarter results released by SAP AG, announcing software revenues were 370 million Euro (2003: 352 million Euro), representing an increase of five percent compared to 2003. At constant currencies, software revenues increased eleven percent year-over-year. Total revenues were 1.6 billion Euro (2003: 1.5 billion Euro), which was an increase of two percent compared to 2003, and total revenues increased eight percent year-over-year. SAP’s ANZ growth was driven by a combination of factors, including strong uptake of mySAP ERP in the mining, retail, public sector and services industries. New customers include national retail giant Franklins.
SAP continued to forge success in the Small & Midsize Business (SMB) sector since its launch in November 2003, with the signing of 24 SAP Business One resellers, ten mySAP All-in-One resellers and close to 35 customer contracts. Customers signed in quarter one to SAP’s range of purpose-built SMB solutions include Australian cookware manufacturer Made For U Cook Gear and New Zealand based electronics supplier, Rakon. “SAP’s performance locally reflects our determination to remain the number one provider of premium business solutions to our customers, be they small businesses or large enterprises,” said Geraldine McBride, Chief Executive Office and Managing Director, SAP ANZ. “Clearly our customers recognise SAP’s solutions as fundamental to their growth and business flexibility.”
“Our flagship integration applications platform Netweaver, and our comprehensive product portfolio have also helped position us to grow faster than the market. As a result, we are seeing growth both within and outside our traditional customer space,” said Ms McBride. SAP expects to maintain business software leadership in ERP and SCM across ANZ. Significant deals signed this quarter in the CRM space have also enabled SAP to continue dominating this sector.

Source: SAP AG

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