SAP reports double-digit growth in Asia Pacific
By Digital News Asia August 24, 2012
- ‘Best-ever’ Q2 performance, with 25% growth year-on-year
- Key wins with media, airlines and public sector customers in Malaysia
ENTERPRISE software vendor SAP Asia Pacific Japan (APJ) recently announced it has delivered its “best-ever” second quarter performance, with growth of 25% year-on-year in Non-IFRS (International Financial Reporting Standards) software revenue.
“Q2 2012 continues the consistently outstanding performance that the APJ region has now delivered for 10 consecutive quarters,” said SAP Asia Pacific Japan president Stephen Watts (pic).
“Business performance was strong and balanced across the region with Australia and New Zealand (ANZ) delivering exceptional results and India, while Japan and China demonstrated their continuing strong growth momentum,” he added.
IFRS is a set of accounting standards developed by the International Accounting Standards Board for the preparation of public company financial statements. SAP says it also reports non-IFRS figures to give investors a more complete picture.
Database and technology solutions represented 25% of the quarter’s software revenues with the HANA in-memory database growing very strongly at 103% year-over-year, the company said in a statement. Mobile solutions grew 181% over the corresponding period in 2011. The public sector and banking markets had notable performances across the region, the company added.
“SAP Malaysia has delivered yet another stellar performance of earnings for this quarter as a result of strong growth in Business Analytics, Enterprise Performance Management and Human Capital Management,” said Kowshik Sriman, managing director, SAP Malaysia and Singapore.
“With more local organizations moving towards an increasingly intelligent and efficient management framework, we achieved large and significant wins from service industries such as media, airlines, and the public sector,” he said.
In Q2 2012, SAP APJ’s non-IFRS software and software-related services revenue grew 23% while non-IFRS total revenue saw a corresponding 25% growth.