SAP hails HANA as revenue beats expectations

Summary:The German company has credited its HANA analytics software with driving strong revenue in the fourth quarter

SAP has said its fourth-quarter results will come in better than expected as new initiatives such as HANA — the company's in-memory analytics system — and mobile software showed solid progress.

The enterprise applications software giant said on Friday revenue in the fourth quarter will reach €4.5bn (£3.7bn). Wall Street analysts were looking for €4.47bn. Software revenue was up 16 percent in the fourth quarter compared to a year ago and software-related service sales were up 14 percent.

In a statement, SAP touted its HANA software, which delivered 2011 revenue of €160m, well ahead of the company's goal of €100m. Mobile solutions — Sybase for the most part — had 2011 revenue topping targets of €100m. Bill McDermott and Jim Hagemann Snabe, co-chief executives of SAP, added that the company saw "double-digit growth across all regions" for 2011.

Separately, SAP said on Monday it plans to buy Berlin-based Datango, which makes electronic training software. No financial details were released.

For more on this ZDNet UK-selected story, see SAP's Q4 better than expected: HANA, mobile sales touted on ZDNet.com.


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Topics: Tech Industry

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Larry Dignan is Editor in Chief of ZDNet and SmartPlanet as well as Editorial Director of ZDNet's sister site TechRepublic. He was most recently Executive Editor of News and Blogs at ZDNet. Prior to that he was executive news editor at eWeek and news editor at Baseline. He also served as the East Coast news editor and finance editor at CN... Full Bio

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