SAP Confident of Crossing $26 Billion in Revenue by 2015
SAP said Wednesday that it had exceeded its guidance for revenue and profit in 2011, its best year in its 40-year history, and was positioned to exceed its revenue target of
The company said it expects full-year 2012 non-IFRS (International Financial Reporting Standards) software and software-related service revenue to grow in the range of 10 to 12 percent at constant currencies, with its proposed acquisition of SuccessFactors contributing up to two percentage points.
SAP said it had significant momentum going into 2012.
The $3.4 billion acquisition of SuccessFactors, announced in December, will bring to SAP a range of cloud-based human resources software as well as expertise in the cloud market. The company expects to close the transaction in the first quarter.
The business software company reported that revenue for the fourth quarter ended Dec. 31 was
Net profit in the quarter was up a whopping 176 percent to
The provision was reduced after the judge in the case overturned the $1.3 billion jury award Oracle won, and gave Oracle the choice of accepting $272 million or seeking a new trial. Oracle has not yet communicated its decision.
Software and software-related revenue in the quarter was
The company's profits in the quarter were affected by SAP's investments in "go-to-market activities", including adding some 500 sales and marketing staff over the previous quarter.
SAP saw double-digit software revenue growth in all regions during 2011. The company said that revenue for the full year was
The revenue and profit figures for the fourth quarter and full year 2011 include revenue and profits from SAP's July, 2010 acquisition of Sybase.
HANA, an in-memory database platform the company is placing its long-term bets on, and its mobile initiatives contributed