SAP is Positioned to Maintain Its Rapid Growth Trajectory in 2011 - Sponsored Whitepaper

SAP reported record software revenue of 35% year-to-year in its fourth quarter, reaching €1.5 billion. Restructuring efforts and go-to-market strategies to listen to customers and accelerate innovation led to record growth, which prompted SAP to report preliminary earnings. Total revenue grew 27.2% year-to-year, as SAP’s new on-device business lead to net new revenue. Co-CEO Bill McDermott stated that SAP believes it is not seeing pent-up demand from the recession anymore; the core business is back with SAP’s on-premise offerings in ERP and CRM. Business ByDesign, SAP’s on-demand offering, has over 100 customers after being available for six months and, according to SAP, is the company’s fastest growing product to date.