SAP announces financial results for Q4 2012

Business Highlights In The Fourth Quarter And Full Year 2012

SAP delivered record revenues in 2012. Non-IFRS total revenue grew 14% year-on-year and exceeded €16bn. Non-IFRS software and software-related service revenue grew 17% year-on-year to €13.2bn. Non-IFRS software and cloud subscriptions revenue grew 21% year-on-year to €5bn.

SAP delivered strong overall growth in the fourth quarter. The company achieved strong software revenue performance in the APJ region. The EMEA region delivered impressive results in light of the continued uncertain market environment and the Americas region had a solid software revenue performance considering a tough year-over-year comparison. SAP delivered exceptional growth in its key innovation areas SAP HANA, Mobile and Cloud: SAP HANA had an outstanding quarter reaching nearly €200m in software revenue in the fourth quarter and achieving almost €400m for the full year. SAP's mobile business contributed more than €220m to software revenue achieving its full year revenue target.

SAP's strong cloud momentum continued in the fourth quarter: Derived from the total revenue of SAP's two cloud segments (Cloud Applications and Ariba) the annual cloud revenue run rate is approaching €850m. For the SAP cloud applications segment alone 12 month new and upsell subscription billings increased nineteenfold in the fourth quarter. Even when including SuccessFactors in SAP's 2011 numbers the growth is triple digit at 102%3. For SuccessFactors on a stand-alone basis, 12 month new and upsell subscription billings grew 95%.

"In 2012, SAP empowered best-run businesses to meet real-time consumer demands. We invested in our flagship innovation SAP HANA and strengthened the industry's best portfolio in the cloud. We delivered industry-specific solutions, accessible anywhere on the mobile device," said SAP Co-CEOs Bill McDermott and Jim Hagemann Snabe. "Our momentum has never been stronger. We are very well positioned to achieve our 2015 goals."

"We achieved €5bn in full year non-IFRS software and cloud subscription revenue, an increase of 21%. We saw very strong revenue contribution from our key innovations SAP HANA and Cloud. We are confident we will continue our double-digit growth momentum in 2013 and further improve our profitability," said SAP CFO Werner Brandt.