Trade Resources Company News SAP Reported O3 Sales of €83m for High-Performance Analytics Appliance,Hana

SAP Reported O3 Sales of €83m for High-Performance Analytics Appliance,Hana

SAP has reported third-quarter sales of €83m for its high-performance analytics appliance, HANA. Total revenue of €3.95bn was up 16% on the same quarter last year.

The company said in a statement that HANA revenue is on track to meet full-year expectations of at least €320m.

Sap Exceeds ?bn Software Sales in Q3, Profitability Weaker Than 2011

HANA is one of three "key innovation areas" for the company. The others are mobile and cloud. 

Mobile revenue was €48m, which the supplier said is on track to meet full-year expectations of €220m. 

It also reported an upward trend in cloud revenue, declaring that new and upsell subscription billings have increased 14-fold over the past 12 months.

We are proud of our relentless customer focus and confident that we'll continue to outperform the competition

Bill McDermott and Jim Hagemann Snabe, co-CEOs, SAP

But the figures do indicate a weakening in profitability, comparing the third quarter of 2012 with the same quarter of 2011.

Operating profit for the third quarter of this year was €921m, 23% of total revenue. Figures for the same quarter last year were €1.76bn operating profit on €3.4bn total revenue, 52% return of operating profit on sales.

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This 29% fall in operating profitability is reflected on the bottom line: 16% return on profit after tax (€618m on €3.95bn) in the third quarter of 2012, compared with 37% return (€1.25bn on €3.4bn) in the third quarter of 2011.

In a statement, SAP co-CEOs Bill McDermott and Jim Hagemann Snabe said: "Our innovation strategy continues to deliver world-class value and market-leading performance. With SAP, businesses are innovating, achieving operational excellence and driving growth. We are proud of our relentless customer focus and confident that we'll continue to outperform the competition."

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CFO Werner Brandt said he was pleased with SAP's overall performance in the third quarter. 

"This is the 11th consecutive quarter of double-digit non-IFRS [International Financial Reporting Standards] software and software-related service revenue growth for SAP. We continued to invest in our cloud business in the third quarter. We remain focused on operating discipline and remain confident in our full-year outlook," he said.

The third quarter results statement said that SAP delivered double-digit growth in the third quarter, had a strong performance in the Americas, and solid double-digit growth in the Asia-Pacific region. It said that "SAP performed well in EMEA compared to the tremendous performance in EMEA last year".

Source: http://www.computerweekly.com/news/2240169115/SAP-exceeds-1bn-software-sales-in-Q3-profitability-weaker-than-2011
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Sap Exceeds ?bn Software Sales in Q3, Profitability Weaker Than 2011