German application vendor SAP has reported revenues of €3.35 billion for the first quarter of 2012, up 11% from £3.02 billion in the same period of 2011.
The revenue growth is almost entirely due to SAP’s ‘software and software-related services’ segment, which grew by €292 million to reach €2.62 billion – 90% of the company’s total year-on-year revenue growth.
The strongest growth was seen in SAP’s ‘cloud subscriptions and support’ segment, although this growth came from a low base. These revenues grew by 625% to reach £29 million in the most recent quarter, up from just £4 million a year earlier.
SAP’s co-CEOs, Bill McDermott and Jim Hagemann Snabe, said they saw strongest momentum from the company’s "flagship in-memory platform SAP HANA, our cloud and mobile solutions, and our core applications and analytics products".
SAP provided a breakdown of the specific performance of some of its products, including €49 million revenues from SAP HANA and mobile, as well as 69% growth for the stand-alone version of SuccessFactors, SAP’s cloud-based human capital management software.