SAP Software Revenue up 26 Percent
According to the company's preliminary Q2 results it experienced double-digit growth in all regions.
SAP's software revenue grew 26 percent in its second quarter to €1.06 billion (US$1.30 billion), coming in at the high end of expectations, the company announced Thursday.
Software and software-related services revenues rose 21 percent to €3.12 billion, according to SAP, which will release its full second-quarter results on July 24. The results were reported according to IFRS (international financial reporting standards).
Operating profit was up 7 percent to €0.92 billion, SAP said.
"Our record performance speaks for itself. We delivered double-digit growth in all regions driven by strong momentum from the core as well as SAP HANA, mobile and the cloud," co-CEOs Bill McDermott and Jim Hagemann Snabe said in a statement.
SAP's HANA in-memory database and other database technologies "had an outstanding quarter with significant deals in all regions," according to SAP. HANA was first released last year and is being positioned as a future convergence point for all of SAP's software.
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