SAP reported its fourth-quarter fiscal 2012 and full-year results this week, highlighting a number of key trends including the cloud.
SAPs 2012 revenue came in at $16 billion for a 14 percent year-over-year growth rate.
“I know many people were curious as to what SAP would do after its best year ever in 2011,” said William R. McDermott, co-chief executive officer at SAP, during his company’s earnings call. “Well, we came roaring back in 2012 and essentially bested our best. It was, in fact, the best year in the 40-year history of SAP, and we’re pretty proud of that.”
McDermott stressed that SAP’s 2012 growth is outperforming the marketplace. He noted that SAP’s software and software-related service growth rate of 13 percent is four times greater than Gartner’s research estimates for overall software market growth. In particular, SAP is optimistic about growth opportunities in the cloud.
“Let me be clear,” McDermott said. “There is a new way to look at software revenue now as customers will more and more consume from the cloud.”
Read the full story at EnterpriseAppsToday:
SAP Marks Another ‘Best Year Ever’ with HANA, Cloud Growth
Sean Michael Kerner is a senior editor at InternetNews.com, the news service of the IT Business Edge Network, the network for technology professionals Follow him on Twitter @TechJournalist.