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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