SAP Reports Cloud Subscriptions And Support Revenues To $240 million In Second Quarter

Posted on Jul 18 2013 - 1:52pm by Editorial Staff

SAP

SAP today announced its second quarter and first half results for the period ended June 30, 2013. The company reported an increase of 166% year-over-year non-IFRS cloud subscription and support revenue to €183 million while the annual cloud revenue reported €932 million. The company added that it now has approximately 30 million cloud users on board.

The company’s platform for real-time business applications, SAP HANA generated €102 million software revenue contribution, growing 21% year-on-year to the company. Further, the company reported non-IFRS software and software-related service revenue increasing 10%. Non-IFRS operating profit reached €1.22 billion in quarter, a 10% increase.

Business Highlights:

  • Second Quarter 2013 non-IFRS Software and software-Related service revenue increased 10%.
  • Non-IFRS Software and Cloud Subscription revenue increased 7%.
  • Cloud subscription and support revenue, annual cloud revenue run rate exceeded €930 million.
  • Second quarter 2013 non-IFRS operating profit reached €1.22 billion, a 10% increase.

Photo Credit: Flickr/Marc Smith

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Editorial Staff at I2Mag is a team of subject experts led by Karan Chopra.