Growth benefited from the strong performance of Hana, its in-memory database technology. Hana software revenue was about $908 million, an increase of 69 percent at constant currencies. Operating profit for the year was about $6.1 billion while revenue reached roughly $23 billion. Software and software-related services rose to about $19 billion, up 6 percent. On both an IFRS and non-IFRS basis, software revenue actually dropped by 3 percent at constant currencies. SAP, of course, will be talking about non-IFRS results that way its American rival, NetSuite, trumpets non-GAAP results. On that basis, operating profit was up 13 percent and revenue 8 percent. The drop in software came as revenue from cloud subscriptions and support rose – a result that should surprise no one. Revenue for that category the most recently ended year was about $954 million, a rise of 158 percent from 2012 on an IFRS basis, up 130 percent on a non-IFRS basis.
HANA, CLOUD DRIVE SAP GROWTH Featured
SAP's operating profit moved up by 10 percent while IFRS revenue was up by 4 percent at constant currencies, according to preliminary financial results for the year ended December 31. That came as the year ended on a 2-percent rise software revenue for the fourth quarter, while operating profit for that period increased by 13 percent. We'll get the official explanation later as SAP does not hold its earnings call for the initial release of results.
