SAP achieves double-digit growth in Brazil
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.
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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.