SAP’s Attributes Phenominal Growth to Analytics, Mobility and Cloud Computing
SAP recently published its fourth-quarter sales revenues data that demonstrates growing demand for its web-based and database products. SAP executives and third party analysts attribute that SAP’s further attention to, and funding of, cutting-edge technology contributed significantly to the increase in demand.
For some time, SAP has extended the company’s market scope into database analysis, mobile software and cloud computing. SAP attributes a significant amount of that exceptional growth in the fourth quarter to that market extension. The company’s fourth-quarter revenue rose 12% on the year to $6.69 billion, yet operating profit dropped 5% as a result of a new share-based employee compensation plan inaugurated last year.
SAP’s fourth-quarter performance varied across regions. In the Americas, license sales growth slowed to 3% from 37% three months earlier amid mounting concern over the so-called U.S. fiscal cliff.
SAP’s revenue growth compares favorably with Oracle, which posted a 3.4% rise in revenue in the September-to-November period. But Oracle was still ahead of forecasts and saw net profit surge 18%.
Looking forward, SAP strives to maintain “the most comprehensive cloud computing portfolio on the market, SAP along with SuccessFactors and Ariba bring mature business applications that drive collaboration across your business and connect to your partners. There are over 20 applications and suites in the SAP Cloud designed to optimize and manage your most critical assets — your people, customers, suppliers, money, or run the whole enterprise.”
SAP recently announced new enhancements for SAP Store, including an expanded solution and services portfolio and integration with the SAP HANA Marketplace, as well as localized versions for additional countries.SAP Store is the official enterprise app store for customers to discover, evaluate and buy enterprise solutions from SAP and partners.
“SAP continues to invest and innovate in the enterprise apps store by delivering new, cutting-edge solutions across analytics, mobile, cloud and database and technology to our customers in just a few simple clicks,” said Dan Maloney, global vice president, eChannels, SAP. “SAP Store delivers the familiarity and seamless user experience of a consumer app store while taking advantage of SAP’s rich history in enterprise software and our innate understanding of the corporate buyer.”
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