SAP profit falls, but software in the cloud has strong growth in … – canaltech (Blog)

For Writing in | 23/04/2015 at 12h47

The German company that develops software solutions corporate, SAP, released a report this week showing that the company recorded a consolidated net profit of EUR 413 million in the first quarter of 2015, following the international accounting standard IFRS, which represents a decrease of 23% over the same period Last year, when he managed to EUR 534 million.

The drop is significant even with increase in revenues which, in turn, had an increase of 22% between January and March, from 3.69 billion euros in the first quarter of 2014 to 4.49 billion euros this year. The good performance in the company’s revenue is due to the strong expansion of software offering in the cloud that managed to beat the company’s record. The programs in cloud rose from EUR 219 million in revenues to 503 million euros, a significant growth of 129% in the annual quarterly comparison.

In the EMEA (Europe, Middle East and Africa) SAP achieved a great performance, both in the traditional model of selling licenses and in software offering in the cloud. Revenue from offerings in the cloud was exceptional, with growth of 114%, driven by strong demand in the UK. Already in Russia and Ukraine, the macroeconomic and political environment continued to affect the SAP business. However, revenues from software licenses in Germany grew by 13%.

Revenue from support in the Asia Pacific region over Japan achieved a growth of 137%, driven by a very significant quarter in India.

Now in the Americas, the cloud subscriptions increased by 136%, taking into account also the revenue supported. This number was achieved by strong growth in the North American market. In Brazil, where the company has a strong presence in business management software, there was a recovery, with double-digit growth in revenues from software license.

With the numbers, SAP confirms its global leadership in market of collaborative business solutions and multiempresas. Currently, the main product of the company, which employs more than 56,000 people, is the integrated business management system, also known as SAP ERP.

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