April 16, 2012
SAP Announces 2012 First Quarter Preliminary Results
* First Quarter 2012 Non-IFRS Software and Software-Related Service Revenue Increased 12% to €2.63 Billion (10% at Constant Currencies)
* First Quarter 2012 Software Revenue Increased 4% to €637 Million (1% at Constant Currencies)
* First Quarter 2012 Non-IFRS Operating Profit Increased 7% to €834 Million (3% at Constant Currencies)
* SAP Reiterates Full Year 2012 Outlook
* SAP Expects Strong Second Quarter 2012 With Software Revenue Growth in a Range of 15% – 20% (at Constant Currencies) and Non-IFRS Software and Software-Related Service Revenue Growth in a Range of 14% - 16% (at Constant Currencies)
WALLDORF, Germany - April 13, 2012 - After a preliminary review of its first quarter 2012 performance, SAP AG (NYSE: SAP) today announced its preliminary financial results for the first quarter ended March 31, 2012.
The Company reiterates its full-year outlook. Based on its robust pipeline SAP expects a strong second quarter 2012 with software revenue growth in a range of 15% – 20% at constant currencies and non-IFRS software and software-related service revenue growth in a range of 14% – 16% at constant currencies.
SAP's growth momentum continued in 2012 with a record first quarter in Asia Pacific/Japan (APJ) and double-digit growth in many markets including Latin America and Germany.
The company had sales execution issues in North America which impacted first quarter performance. These issues have been resolved and the necessary steps have been taken to ensure that North America is back on track. After a record fourth quarter 2011, some European markets started more slowly in 2012, but are well on track.
SAP's strategy is sound and the Company is executing on its innovation pipeline ahead of schedule. SAP is well positioned to capitalize on the major technology trends including big data, mobile, and cloud. Its cloud business is gaining momentum with a strong positive impact from SuccessFactors. SAP's and SuccessFactors' cloud portfolio showed robust double-digit growth in billings year-over-year.
"Customers continue to see SAP as the trusted innovator in the Business Applications market and we are innovating ahead of schedule. We had strong growth in Asia Pacific/Japan, Latin America and Germany. We also moved swiftly to address the sales execution challenges in North America and are already seeing our measures deliver success," said SAP Co-CEOs Bill McDermott and Jim Hagemann Snabe. "Our pipeline is robust with increasing demand for key innovations including HANA, real-time analytics, mobile, cloud as well as our core applications. We are confident we will deliver a strong second quarter and we confirm our full-year outlook."
* First Quarter 2012 Software Revenue Increased 4% to €637 Million (1% at Constant Currencies)
* First Quarter 2012 Non-IFRS Operating Profit Increased 7% to €834 Million (3% at Constant Currencies)
* SAP Reiterates Full Year 2012 Outlook
* SAP Expects Strong Second Quarter 2012 With Software Revenue Growth in a Range of 15% – 20% (at Constant Currencies) and Non-IFRS Software and Software-Related Service Revenue Growth in a Range of 14% - 16% (at Constant Currencies)
WALLDORF, Germany - April 13, 2012 - After a preliminary review of its first quarter 2012 performance, SAP AG (NYSE: SAP) today announced its preliminary financial results for the first quarter ended March 31, 2012.
The Company reiterates its full-year outlook. Based on its robust pipeline SAP expects a strong second quarter 2012 with software revenue growth in a range of 15% – 20% at constant currencies and non-IFRS software and software-related service revenue growth in a range of 14% – 16% at constant currencies.
SAP's growth momentum continued in 2012 with a record first quarter in Asia Pacific/Japan (APJ) and double-digit growth in many markets including Latin America and Germany.
The company had sales execution issues in North America which impacted first quarter performance. These issues have been resolved and the necessary steps have been taken to ensure that North America is back on track. After a record fourth quarter 2011, some European markets started more slowly in 2012, but are well on track.
SAP's strategy is sound and the Company is executing on its innovation pipeline ahead of schedule. SAP is well positioned to capitalize on the major technology trends including big data, mobile, and cloud. Its cloud business is gaining momentum with a strong positive impact from SuccessFactors. SAP's and SuccessFactors' cloud portfolio showed robust double-digit growth in billings year-over-year.
"Customers continue to see SAP as the trusted innovator in the Business Applications market and we are innovating ahead of schedule. We had strong growth in Asia Pacific/Japan, Latin America and Germany. We also moved swiftly to address the sales execution challenges in North America and are already seeing our measures deliver success," said SAP Co-CEOs Bill McDermott and Jim Hagemann Snabe. "Our pipeline is robust with increasing demand for key innovations including HANA, real-time analytics, mobile, cloud as well as our core applications. We are confident we will deliver a strong second quarter and we confirm our full-year outlook."