Overall, McDermott said, "We are growing really fast and our competition isn't" as many key metrics beat internal expectations even with a negative currency impact. Much of the success rested on the performance of S4/Hana with the number of customers at the end of the year more than double the number a year ago. McDermott said more than a third of the S4/Hana are net new customers. Revenue for 2015 was roughly $22.49 billion, an increase of 18 percent over 2014; 10 percent in constant currencies. IFRS operating profit was down 2 percent, but up 5 percent, factoring out currency. OK, so not everything was up: The bottom line was approximately $6.86 billion, down 3 percent on an IFRS basis; but up 8 percent non-IFRS.
SAP ON 2015: EVERYTHING WORKED Featured
With CEO Bill McDermott in his finest "resistance is futile" form, SAP reported strong results for the year ended December 31. In this week's earnings webcast, McDermott painted a picture of the software giant as a company that is in no bad markets and is crushing the competition. "We are one of the few companies that is growing both in the cloud and in license revenue," McDermott said. The German organization, he continued, has the most cloud customers of any software company and its performance is driving "gains about both core and narrowly focused cloud competitors" with the percentage of predictable revenue growing every year.
