SAP India posts strong growth in cloud and software biz

SAP India
Business software major SAP today said its revenue rose 17 percent to €4,985 million, while profit grew 2 percent to €895 million in the third quarter of 2015.

SAP generated €599 (+116 percent) from Cloud subscriptions, €3,523 million (+11 percent) from software licenses and €4122 million (+19 percent) from Cloud and software.

SAP claimed it outpaced most pure cloud competitors even without the contribution from the Concur acquisition.
New cloud bookings increased 102 percent in the third quarter to €216 million.

SAP CEO Bill McDermott said: “HANA database and platform are the foundation for a live system strategy enabling companies to capture the Internet of Things opportunity. This new architecture defeats complexity and radically increases speed so businesses can execute their mission in real-time.”

SuccessFactors Employee Central, which is the core of our Human Capital Management offerings, is localized for 73 countries and the number of customers has increased 79 percent to more than 800 in just 12 months. SAP is increasingly winning against its key HCM competitors, especially in markets outside of the United States.

The business software major has more than 1,300 SAP S/4HANA customers by the end of the third quarter across all industries and regions.

Revenue in the SAP Business Network segment rose 159 percent to €412 million.

Approximately 1.9 million connected companies trade over $730 billion of commerce on the Ariba network, approximately 30 million end users process travel and expenses with Concur annually and customers are managing 1.7 million flexible workers with the Fieldglass platform annually.

SAP cloud and software revenue in the EMEA region rose 13 percent. Cloud subscriptions revenue grew 67 percent.
SAP cloud and software revenue in the Americas region grew 32 percent. Cloud subscriptions and support revenue in the region grew 139 percent.

In the APJ region, SAP cloud subscriptions and support revenue grew 88 percent, while cloud and software revenue up 8 percent. In the APJ region SAP had strong growth in India and South Korea across cloud and software.

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