SAP Q4 Revenues Jump 11 Percent
SAP on Friday reported preliminary fourth-quarter results that showed revenue rise 11 percent to
Software and software-related services revenue for the quarter stood at
IFRS operating profit jumped 206 percent to
Overall, the quarter's growth came from strength in SAP's "core applications business, strong momentum for analytics and mobile solutions and accelerated growth for SAP's breakthrough technology SAP HANA," the company said in a statement.
HANA, an in-memory database platform released in June, has "significantly exceeded" SAP's
Fourth-quarter profits were affected by SAP's decision to hire nearly 500 additional sales and marketing employees, according to a statement.
Total revenue for the full year was
The figures released Friday are preliminary and unaudited, SAP said. SAP plans to release the final figures during its previously scheduled earnings announcement on Jan. 25.
Chris Kanaracus covers enterprise software and general technology breaking news for The IDG News Service. Chris's e-mail address is Chris_Kanaracus@idg.com