SAP revenue rose 22%, profit dips 23% in Q1 2015

SAP today said its Q1 2015 revenue rose 22 percent to €4,497 million, while profit dipped 23 percent to €413 million.
The business software company said its cloud subscriptions and support revenue increased 131 percent.
Cloud and software revenue rose 24 percent to €3.66 billion.
“SAP S/4HANA saw robust early traction and is catalyzing momentum across SAP. We are a strong growth company with every region growing in double digits in cloud and software revenue this quarter,” said Bill McDermott, CEO of SAP.
The number of HANA customers surpassed 6,400, almost doubling from just one year ago. SAP added more than 370 SAP S/4HANA customers year-to-date.
The HANA Cloud Platform, its Platform as a Service offering, has already attracted approximately 1,400 customers in a short period of time.

SAP company
SAP Business Network revenue rose 207 percent to €368 million.
SAP said Cloud subscriptions and support revenue grew 114 percent driven by a strong performance in the UK.
In the Americas region, cloud subscriptions and support revenue grew 136 percent. Cloud and software revenue increased 34 percent, driven by triple-digit growth in cloud subscriptions and support revenue in the United States. SAP Brazil achieved double-digit software license revenue growth.
Cloud subscriptions and support revenue grew 137 percent in Asia Pacific — driven by a very strong quarter in India. Cloud and software revenue increased 38 percent. Japan stood out with strong double-digit growth in software licenses revenue, said SAP.
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