Software and software-related service revenue up 27% to EUR3.26bn
SAP has reported total revenues of €4.04bn for the fourth quarter of 2010, an increase of 27% compared to €3.19bn for the same period last year.
According to the fourth quarter preliminary results, the company posted a non-IFRS operating margin of 39%, an increase of 3.5% compared to 39% in fourth quarter of 2009.
Software revenues were up 34% to €1.5bn, compared to €1.12bn and software and software-related service revenues were up 27% to €3.26bn, compared to €2.57bn in the same quarter previous year.
For the full year 2010, the company has posted total revenues of €12.45bn, an increase of 17%, compared to €10.67bn in 2009.
Non-IFRS operating income reached €3.9, while non-IFRS operating margin was 31.5% , compared to 27.4% in 2009, and approximately 30.5% at constant currencies.
SAP Co-CEO Bill McDermott said they were pleased to announce the best software sales quarter in the history of SAP and achievement of outstanding growth in all regions and customer segments.