SAP reports record 3rd quarter 2011 software revenue
SAP AG (Waldorf, Germany) today announced its financial results for the third quarter ended September 30, 2011.
For the 7th consecutive quarter SAP reported double-digit growth in Non-IFRS software and software-related service revenue. 3rd quarter Non-IFRS operating profit increase of 27% at ponstant currencies leads to 3.0 percentage point increase in non-IFRS operating margin at constant currencies. Earnings per share was up 36% and operating cash flow improved with €3 Billion the first nine months of 2011 – a 45% increase year-over-year. SAP reiterates the high end of its full year 2011 outlook.
“SAP’s third quarter software revenue grew at its fastest rate in a decade because customers are shifting their investments to software that helps them grow and innovate. Our core solutions together with our industry-leading innovation in mobility, in-memory computing and cloud deliver exceptional value to our customers across all regions and industries,” said Bill McDermott, Co-CEO of SAP. “This is a growth company executing on a powerful vision.”
In the third quarter of 2011, SAP closed the following major contracts.
TOTAL SA, Unilever PLC, AOK, DekaBank Deutsche Girozentrale, Givaudan Suisse SA, Royal Bank of Scotland Group Plc
Automercados S.A. de C. V, Johnson Controls, Inc., American Railcar Industries, Inc, Waters Corporation, Bristol-Myers Squibb Company, Pacific Coast Building Products
Assam Power Distribution Company Ltd., Beijing Toread Outdoor Products Co., Union Steel Mfg. Co., Ltd., Maharashtra State Electricity, Transfield Services Limited, Far East Organization
SAP Business ByDesign
SOUPLETUBE, Markwins International Corp, INFORA GmbH, AbsolutData Research & Analytics, Wireless Advanced Communications, SolarBridge Technologies, Marsulex Environmental Technologies Corp, BIOBASE GmbH
“Our strong performance and market share gains clearly show that our customer-focused innovation strategy is winning,” said Jim Hagemann Snabe, Co-CEO of SAP. “Delivering innovations in non-disruptive steps reduces the costs for our customers so they can invest in our breakthrough technologies to speed up decisions, strengthen customer relationships and drive growth. When our customers win, we win.”