Sunday, January 12, 2014

SAP Reports 130% Annual Growth in its Cloud Services

Sunday, January 12, 2014  ,  

SAP delivered strong revenue growth in 2013. Full year non-IFRS software and cloud subscription revenue increased 10% at constant currencies (5% at actual currencies to €5.3 billion). Non-IFRS software and software-related service revenue grew 11% at constant currencies (6% at actual currencies to €14.0 billion). Non-IFRS total revenue grew 8% at constant currencies (4% at actual currencies to €16.9 billion).

SAP said it is successfully managing the transition to a cloud-based industry.  SAP's annual cloud revenue run rate now exceeds €1.06 billion . The company also exceeded its full year 2013 guidance of €750 million (2012: €343 million) in non-IFRS cloud subscription and support revenue at constant currencies.

SAP HANA, the platform for real-time business applications, was a major growth engine in 2013. Full year 2013 HANA software revenue increased 69% at constant currencies to €664 million (61% at actual currencies to €633 million compared to guidance range of €650 – €700 million).  The company cited strong customer interest in SAP Business Suite powered by SAP HANA as well as SAP HANA Enterprise Cloud.

"Four years of double-digit growth clearly shows that our customer-focused innovation strategy is winning. We are one of the few global tech companies that has successfully managed the transition to the cloud while growing our core business and improving our profitability at the same time," said Bill McDermott and Jim Hagemann Snabe, Co-CEOs of SAP.

"With the strong momentum of our industry leading HANA platform and SAP Cloud we bring simplicity to our customers and help them innovate faster." "SAP invested significantly in innovation and successfully scaled its cloud business while maintaining operational discipline and reaching our 2013 operating profit outlook," said Werner Brandt, CFO of SAP.

"SAP expanded its non-IFRS operating margin by 140 basis points at constant currencies driven by operational excellence despite the margin impact from acquisitions and our momentum in the cloud."

http://global.sap.com/corporate-en/news.epx?category=ALL&articleID=22115&searchmode=C&page=1&pageSize=10