SAP revenue grows 20%, profit dips 16%

SAP today said its revenue rose 20 percent to €4,970 million, while profit fell 16 percent to €469 million in the second quarter ended June 30, 2015.

Cloud subscriptions and support generated Q2 revenue of €552 million, Software licenses and support €3,510 million and Cloud and software €4,062 million, said SAP.

SAP CEO Bill McDermott said: “Our business is thriving because we have the most complete vision for how to make this transition to digital business a simple one. Our strategy to deliver a platform, applications and business networks is exactly what customers need from SAP.”

SAP Human Capital Management offering, SuccessFactors Employee Central, is localized for 71 countries and the number of customers has increased to more than 730 from around 390 a year ago. This represents an 87 percent growth in customers in 12 months.
SAP India
The number of HANA customers surpassed 7,200 compared with 3,600 a year ago. S/4HANA’s robust early traction – more than 900 SAP S/4HANA customers by the end of the second quarter compared to over 370 at the end of the first quarter – is a catalyst in SAPHANA’s market adoption across all industries and regions.

SAP Business Network revenue rose 194 percent to €400 million in the second quarter. Nearly 1.9 million connected companies trade over$800 billion of commerce3 on this network.

The revenue of SAP in EMEA region rose 10 percent in non-IFRS cloud and software revenue. Non-IFRS cloud subscriptions and support revenue grew 94 percent with triple-digit growth in new cloud bookings.

SAP revenue in the Americas region grew 36 percent in cloud and software. Cloud subscriptions and support revenue in the region grew 141 percent with new cloud bookings nearly tripling, driven by a very strong performance in North America.

In the APJ region, cloud subscriptions and support revenue grew 138 percent, driving cloud and software revenue up 19 percent. New cloud bookings grew triple-digits. Japan continued its recovery with another strong quarter across cloud and software.

The enterprise software company expects full-year 2015 cloud subscriptions and support revenue to be in a range of €1.95 – €2.05 billion at constant currencies. Concur and Fieldglass are expected to contribute approximately 50 percentage points to this growth.
SAP expects 2015 cloud and software revenue to increase by 8 – 10 percent.

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