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
