SAP: Q1 HANA, mobile revenue euro 49 million

SAP: Q1 HANA, mobile revenue euro 49 million

Summary: SAP talked up HANA, mobile and its cloud unit powered by SuccessFactors amid lumpy first quarter results.

SHARE:

SAP delivered said its HANA and mobile applications brought in euro 49 million in revenue in the first quarter.

That disclosure emerged as SAP reported its first quarter results, which were in line with the company's preannouncement. SAP said its first quarter would fall short due to sales issues in North America. The company remained upbeat on the second quarter.

Here's a look at SAP's first quarter results. The most notable item is that SAP now has a cloud subscriptions and support line to reflect the addition of SuccessFactors.

For 2012, SAP said it expects software and software-related service revenue to increase 10 percent to 12 percent. 2012 non-IFRS earnings will be euro 5.05 billion. In the second quarter, SAP is projecting software revenue to increase 15 percent to 20 percent from a year ago.

In addition, SAP provided an update on the TomorrowNow litigation with Oracle. SAP said:

TomorrowNow litigation update: Late last year Oracle filed a motion seeking an early appeal from the ruling vacating the jury's damages award. The early appeal was denied by the judge on January 6, 2012, and Oracle had the choice to accept the reduced damages of USD 272 million or seek a new trial to determine damages. Oracle elected to proceed with a new trial. The new trial date is currently scheduled for June 18, 2012.

Related:

Topics: SAP, Banking, Enterprise Software, Mobility

Kick off your day with ZDNet's daily email newsletter. It's the freshest tech news and opinion, served hot. Get it.

Talkback

0 comments
Log in or register to start the discussion