Expects full-year 2011 non-IFRS software and software-related service revenue to be in the range of 10%-14% at constant currencies
SAP has reported International Financial Reporting Standards (IFRS) software revenue of €841m for the third quarter ended 30 September of 2011, up 28%, or 32% at constant currencies compared with €656m for the same quarter previous year.
IFRS software and software-related service revenue was €2.69b for the quarter, an increase of 16% compared to €2.32b in 2010, while non-IFRS software and software-related service revenue was €2.69bn, an increase of 14%, or 18% at constant currencies compared to the previous year quarter.
The company posted €3.41b in IFRS total revenue for the third quarter, an increase of 14% compared to €3b in previous year’s quarter, while non-IFRS total revenue of €3.41b was reported, an increase of 12% compared to €3.04 b in 3Q 2010.
IFRS operating profit increased by 145% to €1.76bn, compared to €716m in 2010, while non-IFRS operating profit increased by 23% to €1.13b in 3Q 2011 compared to €915m.
IFRS operating margin was 51.5%, an increase of 23.8% in 2010, while non-IFRS operating margin was 33%, an increase of 1% in 2010, the company said.
SAP co-CEOs Bill McDermott and Jim Hagemann Snabe said the record quarter was driven by strong results across all regions.
"Innovation in our core products combined with breakthrough solutions such as HANA and mobility are allowing our customers to run their businesses better and to grow in uncertain times. Innovative software matters more than ever and we are at the forefront of this trend," both said.
SAP expects full-year 2011 non-IFRS software and software-related service revenue to increase in the range of 10%-14% at constant currencies, expecting to reach the high end of the range.
The company also expects full-year 2011 non-IFRS operating profit to be in a range of €4.45bn-€4.65b at constant currencies, resulting in 2011 non-IFRS operating margin increasing in a range of 0.5 – 1.0 percentage points at constant currencies.