SAP just completed its best second quarter ever, marking 10 consecutive quarters of double-digit growth. SAP’s $4.9 billion in quarterly revenue is up 18% over the prior year period, and the company notched double-digit software revenue growth across all regions — with an impressive 32% increase in the Americas. SAP’s valuation now tops $75 billion, overtaking Siemens and making it the most valuable publicly traded German company.
According to SAP Co-CEO Bill McDermott, HANA, mobility and cloud-computing sales are all tracking toward triple-digit growth in 2012, highlighting the effectiveness of SAP’s strategy of driving business transformation through innovation in these key market segments.
SAP targets $24.7 billion in revenue for 2015, and the company’s continued focus on HANA, mobility and the cloud will be vital to SAP achieving this aggressive goal.
But don’t take our word for it — let the numbers do the talking.
Read article by Optimal Solutions President Sam Sliman: HANA, Mobile and Cloud Drive SAP’s Growth