Advertisment

SAP APJ grows s/w revenue by 23pc in '08

author-image
CIOL Bureau
Updated On
New Update

SINGAPORE: On a full year basis, SAP Asia Pacific Japan (APJ) remained SAP AG’s fastest growing region with 23 percent software revenue growth, to €594 million.

Advertisment

Software and software related services grew at 24 percent for the year, to €1.192 billion. All revenue figures in this release are expressed in non-GAAP constant currency terms and all growth is measured against the previous comparable period.  

While SAP APJ experienced difficult market conditions in the fourth quarter, growing software and software related services at five percent, total revenue for the full year grew at 20 percent, to €1.532 billion.

Geraldine McBride, president, SAP Asia Pacific Japan, said: “I am extremely proud of the way our team in SAP Asia Pacific Japan handled market conditions we experienced during the last quarter of 2008. Inspite of the circumstances, we secured a number of very large strategic deals across the region, running contrary to the trend we are seeing for the industry as a whole.”

“In Q4 ’08 we secured major deals with BHP in Australia and Sony in Japan, proving that a sound business case and the capacity to quantify and deliver business value continue to be of interest to SAP customers across the region, notwithstanding the economic climate,” she continued.