Cloud Computing, HANA Database Sales Boost SAP’s Q4 Revenue

Grazed from CRN. Author: Rick Whiting.

Reaping the benefits of its initiatives in cloud computing, mobile technology and its HANA in-memory database, software giant SAP (NYSE:SAP) Wednesday reported double-digit growth for its fourth-quarter and fiscal 2012 sales. SAP also is undergoing a reorganization and centralization of its sales operations, putting both channel sales and regional direct sales under Rob Enslin, president of global operations.

SAP reported total revenue of 5.0 billion Euros (U.S. $6.7 billion) for the fourth quarter ended Dec. 31, up 12 percent from 4.5 billion Euros (U.S. $6.0 billion) in the same period one year earlier. After-tax profits, however dropped 8 percent to 1.1 billion Euros (U.S. $1.5 billion) from 1.2 billion Euros (U.S. $1.6 billion) one year earlier…

Total revenue for all of 2012 was 16.2 billion Euros (U.S. $21.6 billion), up 14 percent from 14.2 billion Euros (U.S. $18.9 billion) in 2011. After-tax profits dropped 18 percent to 2.8 billion Euros (U.S. $3.8 billion) from 3.4 billion Euros (U.S. $4.6 billion) in 2011. Company executives said the results mean SAP remains on track for its long-term goal of reaching annual sales of 20 billion Euros and 1 billion users worldwide by 2015…

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