SAP this morning has announced its pre-announced best ever Q2 results. The company revealed software revenues crossing €1 billion mark ($1.29 billion), up 26% year-over-year while the total revenue for the quarter was €3.9 billion ($4.75 billion) up 18%. Operating profit was €0.92 billion ($1.12 billion) up 7% on the previous year. Non-IFRS Software and Software-Related Service Revenue was €3.14 billion, up 21%.
“We delivered double-digit growth in all regions driven by strong momentum from the core as well as SAP HANA, mobile and the cloud. The results came in at the upper end of our second quarter software revenue guidance in an uncertain macro-economic environment,” said Bill McDermott and Jim Hagemann Snabe, Co-CEOs.
(Image Source: SAP logo, Featured Image)
