Software revenue fell to roughly $1.29 billion for the most recently ended quarter. Cloud subscriptions and support rose 206 percent to around $208.9 million. The company said the Americas region had 18-percent year-over-year growth in non-IFRs software and cloud subscription revenue, with strong sales in Latin America, particularly Brazil. However, non-IFRS software and cloud subscription revenue was off 7 percent in the Asia Pacific Japan region because of economic weakness in that area.
ASIA DENTS SAP'S SECOND QUARTER Featured
The Asian market dented SAP’s results for the second quarter ended June 30 as the company reported an after-tax profit increase of 10 percent on a 4-percent rise in revenue. Those are IFRS results. The revenue drop was 3 percent in constant currencies. After tax profit is about $947.4 million, when converted at today’s euro exchange rate. Revenue was about $5.32 billion.
