The regional operations of software company SAP posted a 19 percent revenue growth in the first quarter of 2012, sustaining its earlier gains last year.
The company said its Asia Pacific and Japan (APJ) operations earned €123 million (U$161.7 million) in non-IFRS (International Financial Reporting Standards) software revenue from January to March this year. The growth rate is also equivalent to 16 percent at constant currencies.
"Q1 2012 has been the best first quarter we have ever achieved in APJ," said Steve Watts, president, SAP Asia Pacific Japan. He added that the period in review is the company's "ninth consecutive quarter of double-digit growth for SAP."
Watts attributed the company's performance to the positive response of its customers to innovations in in-memory (HANA), database and mobility. The company based its growth strategy on customer-centric innovation.
On SAP's 40th year, Watts described the growth of the developing markets as "faster than the overall APJ market, with very balanced performance across the region."
"In Q1 2012, we achieved €28 million (U$36.8 million) in HANA revenue and €21 million (U$27.6 million) in mobile revenue globally - a growth of more than 30 percent in the first quarter," the SAP APJ president said.
Watts said the positive results indicated that the company's strategy is meeting the market's demands. "Our pipelines are strong and we continue to see strong demand for SAP's innovations for the rest of 2012," he said.
SAP APJ's non-IFRS software and software-related services revenue increased 22 percent to €440 million (U$578.4 million). Displaying the same growth rate, non-IFRS total revenue rose 22 percent to €529 million (U$695.4 million).
As proof of customer acceptance of its innovations, Watts noted the A$4.5 million (U$4.6 million) software licence deal signed by Australia & New Zealand Banking (ANZ Bank) for a multichannel banking solution in Asia.
"Built on the Sybase 365 platform with SAP Marketing Sales and Service for Banking, this multi-channel solution will be deployed in Hong Kong, Singapore and China," Watts said.
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