SAP achieves double-digit growth in Brazil

The software giant reports a sales boost for the second quarter despite the country's current recession.

SAP saw second quarter double-digit growth in Brazil with the increased uptake of cloud and software products by customers looking to reduce technology costs and improve their analytics capabilities.

Without citing specific numbers, the company credits its positive performance to increased sales of its in-memory computing platform SAP HANA and business suite S/4HANA, as well as cloud applications.

Brazilian customers include Itaú Unibanco, one of the country's largest banks, which has rolled out HANA to boost its Big Data set-up.

Another large SAP client in Brazil is payments firm Cielo, adopter of cloud-based human resources management suite SuccessFactors to improve career development and planning of its staff.

According to the German company, about 500 customers based in Latin America have implemented S/4HANA.

The company has also been expanding its footprint within the small and medium enterprise space, as its business management suite Business One grows in popularity.