By Leena Rao
Enterprise application software giant SAP (NYSE:SAP) is touting its best ever full-year and fourth quarter performance, beating its expectations for the quarter. The company published initial numbers for its results but will be releasing full results and projections for 2012 in late January.
Total Q4 revenue came in at €4.50 billion ($5.7 billion), an increase of 11%. Operating profit was €1.67 billion ($2 billion), an increase of 206%. The company saw record fourth quarter 2011 software revenue, which was up 16% to €1.74 Billion ($2.2 billion). And full-year 2011 software revenue is up 22% to €3.97 Billion ($5 billion), with full-year total sales coming in at €14.23 billion ($18 billion), up 14 percent.
SAP says that its record performance was driven by growth in its sofwtare applications business, with particular strength in demand for analytics and mobile solutions as well as for SAP’s data analysis product HANA (which saw $202 million in revenue for the year). Mobile contributed more than $127 million in software revenue for the quarter.
“In an uncertain environment, SAP delivered the best year in its 40 year history. We gained significant market share and achieved double-digit growth across all regions,” said Bill McDermott and Jim Hagemann Snabe, co-CEOs of SAP, in a statement. “Our innovation strategy is winning. Customers see the incredible value we deliver and recognize that SAP is the better choice.”
SAP just dropped $3.4 billion on SuccessFactors, pushing the enterprise software giant’s cloud strategy. The company is also planning to spend $2 billion in China through 2015 to grow its international business.