SAP has announced strong software sales for the second quarter of this year, posting €1.06 billion in software revenues for the three months to June 30th.
In preliminary financial results, SAP said that software revenues had grown 19% on the same period in 2011, when the German software giant brought in €840 million through software sales.
SAP’s co-CEOs, Bill McDermott and Jim Hagemann Snabe, said SAP had produced double digit growth in all the regions it operates in, and that its SAP HANA, cloud and mobile products had delivered "strong momentum".
SAPs main rival Oracle saw its revenues grow by just 1% in its most recent fiscal quarter, although strong growth in software sales was stifled by a 14% plunge in hardware revenue.
Both Oracle and SAP have made big acquisitions in recent months in an attempt to gain a foothold in cloud computing. In May this year, SAP spent $4.3 billion on US-based spend management software-as-a-service provider, Ariba. Oracle paid $1.9 billion for talent management software provider, Taleo.
