- Second Quarter 2012 Software Revenue Increased 26% to EUR1,059 Million (19% at Constant Currencies) Driven By Double-Digit Growth in All Regions
- Strong Growth Momentum From Key Innovations: SAP HANA Contributed EUR85 Million, Mobile EUR54 Million and Cloud EUR69 Million
- Second Quarter 2012 Non-IFRS Software and Software-Related Service Revenue Increased 21% to EUR3.14 Billion (15% at Constant Currencies)
- Second Quarter 2012 Non-IFRS Operating Profit Increased 15% to EUR1.17 Billion (8% at Constant Currencies)
- Second Quarter 2012 Non-IFRS Earnings Per Share Increased 19% to EUR0.70
- SAP Reiterates Full-Year Guidance
SAP AG (NYSE: SAP) today announced its financial results for the second quarter ended June 30, 2012.
BUSINESS HIGHLIGHTS IN THE SECOND QUARTER
SAP achieved record software revenue in the second quarter, exceeding EUR1 billion. All regions posted double-digit software revenue gains. Demand for SAP's new innovation categories continued to accelerate: Cloud momentum continued with a 112% increase year-on-year in 12 month new and upsell subscription billings for SuccessFactors on a stand-alone basis. SAP's strong combination with SuccessFactors is allowing the company to accelerate its strategy to become the leading cloud provider. SAP recorded EUR85 million in SAP HANA revenue putting the company on track to meet full-year expectations of at least EUR320 million. Mobile revenue was EUR54 million and keeps SAP on track to meet full-year expectations of EUR220 million. SAP also saw significant traction in strategic industries, with financial services and retail both growing more than 60 percent in software revenue, and solid growth across the manufacturing sectors, which grew more than 20 percent in software revenue.
"Our customer-focused innovation strategy is delivering exceptional business value for our customers and driving record results for SAP in an uncertain macro-economic environment," said SAP Co-CEOs Bill McDermott and Jim Hagemann Snabe. "SAP stands apart in its ability to bring its customers innovations in cloud, mobile and in-memory computing on top of a proven, consistent and stable core. We will continue to provide game-changing solutions and remain on track to achieve our 2015 goals."
"We reached the upper end of our second quarter software revenue guidance range and were at the mid-point of the software and software-related service revenue guidance range," said Werner Brandt, CFO of SAP. "With this momentum in the first half of 2012 and our focused commitment to operational excellence we are on track to deliver on our targets for the full-year 2012 - in line with our 2015 goals."