However, net income dropped to $413 million, down 23 percent from $534 million a year earlier as the company pumped money into operations. Operating expenses hit $3.86 billion, an increase of 30 percent from $2.98 billion. CEO Bill McDermott noted the strong regional performance and singled out Brazil. "We were happy to see Brazil bounce back with double-digit growth," he said. Discussion continued to focus on the impact of the latest generation of its major product line and on the Hana, in-memory database system on all products. "SAP S/4HANA saw robust early traction and is catalyzing momentum across SAP," McDermott said.
SAP: ALL REGIONS RISE DOUBLE DIGITS Featured
SAP said its sales machine worked across the world as revenue in all regions was up by double digits. That analysis came during this week's earnings webcast as the German software giant released its earnings for the first quarter ended March 31. Total revenue was $3.86 billion, a rise of 30 percent from $2.98 billion in last year's corresponding period. While cloud bookings were up 120 percent, good old-fashioned maintenance revenue had 17-percent growth, coming in at $2.45 billion for the most recently ended quarterly, up from the prior year's $2.1 billion.
