SAP which last week announced its Q1 2012 preliminarily results yesterday comes out with the real figures which states what the Q1 2012 actually holds for the company. The company reports for the 9th consecutive quarter of double-digit growth in non-IFRS software and software-related service revenue. The software revenue increased 4% to €637 million with the non-IFRS operating profit increased 7% to €834 Million. Non-IFRS earnings per share increased 11% to €0.49. The free cash flow up 35% to €2 Billion.
“We reported our ninth consecutive quarter of double-digit growth in non-IFRS software and software-related service revenue, with a strong contribution from SuccessFactors to our cloud business,” said Werner Brandt, CFO of SAP. “Free cash flow was very strong in the first quarter, increasing by 35% to €2 billion. This enabled us to return to positive net liquidity faster than expected.”
“We see strong momentum for our flagship in-memory platform SAP HANA, our cloud and mobile solutions, and our core applications and analytics products,” said Bill McDermott and Jim Hagemann Snabe, Co-CEOs, SAP. “Customers are embracing our high speed of innovation and the ability to orchestrate solutions across our entire portfolio. SAP continues to help companies run like never before – helping to solve fundamental business challenges with unmatched industry expertise. We’re confident that we’ll deliver on our business outlook for Q2 and the full year.”
The company last week announced that it plans to spend almost $500 million in order to grab customer for its Hana data-processing product, giving an edge to its rival Oracle.SAP has budgeted $337 million to provide new clients of its Hana database platform with consulting services and an 18-month refund policy. The company is also starting a $155 million venture fund to spur development of applications compatible with Hana.