SAP India posts robust Q3 growth of 46pc

BANGALORE, INDIA: With a solid double digit growth of 46 percent in software revenue (in non-GAAP constant currency) in the third quarter of 2008, SAP India continues to play its role with SAP Asia Pacific Japan (APJ), the global growth engine for SAP worldwide.

Registering impressive developments across each of its line of businesses including license, consulting, education, and support, SAP India continues to be the partner of choice for both existing and new customers, in the current troubled global scenario.

Indian enterprises continue to invest in technology

Continued strong adoption of technology by Indian businesses demonstrates their belief in technology as the key enabler of business transformation. This quarter SAP witnessed a number of significant deals in enterprises that include: The Shipping Corporation of India, HPCL-Mittal Energy, ONGC-Mangalore Petrochemicals Ltd., Walchandnagar Industries Ltd and Goldshield Services Pvt. Ltd.

SAP signed an enterprise agreement with the Mahindra Group to consolidate systems and strategic transformation across the company’s diversified operational landscape.

In another significant highlight this quarter, Larsen & Toubro Infotech joined hands with SAP to become global service partners. This agreement marks an important milestone in the relationship between the two organizations. Larsen & Toubro Infotech brings solution and delivery expertise to industry segments such as industrial products, oil and gas, consumer products, high-tech and utilities.

“I am delighted with our strong and consistent performance and thank our customers for choosing to partner with us,” said Ranjan Das, President and CEO, SAP Indian Subcontinent. “SAP understands the unique needs of our customers in these challenging times and we are committed to helping them with their bottomlines while addressing their critical business needs.”

SAP’s ‘Best-Run Now’ helps customers

Recognizing the need for IT solutions that can help customers adjust and respond to challenging market conditions, SAP has brought its ‘Best-Run Now’ initiative to India.

The offerings combine SAP software, services and special financing terms to deliver rapid time to value. The initiative aims to help customers address real-time business issues, including more efficient management of information on cash flow and liquidity, maximizing a global workforce through change and optimize procurement and supply chain processes. Indian industry leaders HCL, Satyam and TCS have partnered with SAP in the Best-Run Now Initiative that helps customers plan for the future by safeguarding them to the tidal changes in the global economy.

SMEs continue to look at SAP

The quarter also witnessed the SAP SME World Tour come to India. Hosted at Hyderabad, Delhi and Mumbai, the SME World Tour has already been hosted in more than 50 cities worldwide. This successful global road show was aimed at demonstrating new ideas, strategies and opportunities for growing small businesses and midsize companies. With sustainability being the key strategic priority, small and mid-sized Indian enterprises present expressed the intent to adopt scaleable and flexible IT platforms from SAP.

“Customers across India, from the largest to the smallest, trust SAP to innovate and deliver the solutions they need to become best-run business. Our product offerings, combined with industry-leading services and support, enable us to offer critical business value.” said Das. “I am confident that we will continue to be the platform of choice to foster co-innovation between SAP, customers, and partners."