Continued hiring will drive SAP APJ’s growth agenda
Singapore — The third quarter of 2011 recorded 42 per cent growth in Software Revenue, to €165 million, according to Steve Watts, President, SAP Asia Pacific Japan.
“SAP APJ recorded it’s best ever 3rd quarter performance, underpinned by strong business momentum across the region. Our key markets of China, India and Japan are growing at strong double-digit growth and every market in the region is performing well.
“Our success in APJ lies very much in our customer centric innovation strategy – our customers like what we are doing for them. While we continue to build on the solid foundations of our core business, we are also growing very strongly in the areas of In-Memory (HANA), Mobility and Cloud. We are gaining market share with our ERP and Business Suite solutions. Our Line of Business (LOB) solution revenues also doubled year-on-year. Most conclusively, we are seeing rapidly expanding sales pipelines for our mobility and in-memory solutions, with almost 10 per cent of our Software Revenue contributions in Q3 2011 coming from our new innovations like HANA and Analytics,” said Watts.
In Q3 2011, SAP APJ’s Software and Software Related Services Revenue grew 24 per cent to €439 million, while Total Revenue saw a corresponding 22 per cent growth to €525 million. For the nine months ended September 30, 2011, SAP APJ grew Software Revenue by 37 per cent, Software and Software Related Services Revenue by 22 per cent, and Total Revenue by 20 per cent. All growth figures shown above are expressed in Non-IFRS constant currency terms and are measured against the previous comparable period.
“We are very optimistic about the outlook for the rest of the year, and are continuing to invest in our future success by aggressively hiring top quality industry talent across the region.”
Watts continued: “Our core solutions, together with our industry leading innovations in Mobility, In-memory and Cloud, are unmatched in the value they bring to our customers across all industries. Our customers continue to tell us that they see value in what SAP does for them – they gain better business insights and speed their decision making to drive growth and operational efficiency.”
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