German enterprise application software provider SAP has reported 8% growth in its revenue to €3.63bn for the first quarter of 2013, compared to €3.35bn in the same quarter previous year.
The figures are according to non international financial reporting standards (IFRS).
The company’s profit increased 18% to €689m in the quarter, compared to €583m for the same period last year.
Operating profit rose 8% to €901m for the quarter, compared to €834m for the same period in the corresponding year.
Software and software-related service revenue increased 12% to €2.94bn, compared to €2.62bn in the year ago period.
The company said its HANA software is continuing to be its main growth engine, whose revenue tripled year-on-year, contributing €86m to software revenue in the quarter and software and cloud subscription revenue increased 23% to €824m (25% at constant currencies).
Software and cloud subscription revenue in the Americas region increased 49%, driven by strong software revenue performance in Latin America and cloud subscription and support revenue growth in North America.
SAP Co-CEOs Bill McDermott and Jim Hagemann Snabe said that the company’s 25% growth shows that it is gaining significant worldwide market share.
"Customers continue to choose our innovations to help them run better, and SAP HANA is the next-generation platform for all companies to innovate their business, drive speed across the entire enterprise and reduce costs," McDermott and Snabe said.
The company expects to post full-year 2013 non-IFRS operating profit in a range of €5.85bn and €5.95bn.
