SAP's APJ rev up 12 p.c. at €366 mn in Q2

MUMBAI, INDIA: SAP Asia Pacific Japan put in a strong report card for the second quarter and first half of 2010, with solid growth across all key markets and business units in the region.

Software and software related services revenues for Q2 2010 grew by 18 per cent (eight per cent including Japan) to €307 million. Total revenues saw a corresponding 12 per cent growth (three per cent including Japan), to €366 million, reinforcing SAP APJ’s position as SAP’s global growth engine, said a press release.

For the six months ended June 30, 2010, SAP grew software and software related services revenues by 16 per cent (eight per cent including Japan) and total revenues by 9 per cent (two per cent including Japan), all in non-IFRS constant currency terms.

“We are pleased with our strong double-digit growth across the region, generated by increased momentum in all segments of the business. We experienced a significant lift in larger-sized deals, which together with strong growth in mid-sized deals (over 50 per cent) and SME (over 73 per cent), continued to drive improved margins. This solid performance demonstrates SAP APJ has the right strategy, supported by good execution and strong customer support,” said Steve Watts, president, SAP Asia Pacific Japan.

“Coupled with strategic moves, such as our acquisition of Sybase, Inc. and the introduction of our new version of SAP Business ByDesign in China and India, we are laying a strong foundation for the years ahead. By fully addressing customer needs, we will continue to reinforce our market leadership position across the region,” added Watts.

Globally, SAP also delivered a strong Q2 2010 with non-IFRS software and software related services revenues growth of 16 per cent to €2.26 billion. With more than 10,600 deals won in Q2 alone, SAP exceeded its target of 100,000 customers worldwide. Support revenues also increased sequentially by more than nine per cent - testament to the strength of SAP’s Enterprise Support offering.