SAP APJ records Double-digit Software Revenue Growth
VARINDIA- INDIA'S FRONTLINE IT MAGAZINE SAP Asia-Pacific Japan (APJ) has announced another record quarterly performance. The territory's Q1 2012 results showed a 19% growth year-on-year in Non-IFRS Software Revenue to €123 million (16% at Constant Currencies). Steve Watts, President, SAP Asia-Pacific Japan, said, "Q1 2012 has been the best first quarter we have ever achieved in APJ - and is our ninth consecutive quarter of double-digit growth for SAP. APJ region stands out as a consistent growth engine in SAP's global performance. Our key regional markets led the way once more with solid double-digit growth and particularly strong growth in key developing markets. "Our customers continue to respond positively to our breakthrough innovations in in-memory (HANA), database and mobility. In Q1 2012, we achieved €28 million in HANA revenue and €21 million in mobile revenue globally - a growth of more than 30% in the first quarter. SAP's growth stra...