Computeruser.com
Latest News

SAP Reports 35% Growth in Software Revenue at Constant Currencies and 20% Growth in Non-IFRS Software and Software-Related Service Revenue at Constant Currencies for the Second Quarter

Germany July 26, 2011 SAP AG June 30, 2011

http://photos.prnewswire.com/prnh/20110126/AQ34470LOGO

Werner Brandt EUR 20 billion

Bill McDermott

"We are witnessing a structural change in the IT market — customers are shifting more of their investments toward software as it continues to become a larger and more important component of the overall technology stack.  As a result, we are seeing strong demand from customers," said Jim Hagemann Snabe, Co-CEO of SAP.  "We focused our strategy on innovation at the right time and are now reshaping the industry with our mobility, in-memory and cloud solutions. Innovation is driving growth again at SAP."

FINANCIAL HIGHLIGHTS – Second Quarter 2011

Second Quarter 2011(1)

IFRS

Non-IFRS(2)

EUR million, unless
otherwise stated

Q2 2011

Q2 2010

% change

Q2 2011

Q2 2010

% change

% change const. curr.(3)

Software revenue

802

637

26%

802

637

26%

35%

Support revenue

1,681

1,526

10%

1,689

1,526

11%

15%

Software and software-related service revenue

2,579

2,258

14%

2,587

2,258

15%

20%

Total revenue

3,300

2,894

14%

3,308

2,894

14%

20%

Total operating expenses

-2,443

-2,120

15%

-2,289

-2,040

12%

17%

Operating profit

857

774

11%

1,019

854

19%

26%

Operating margin (%)

26.0

26.7

-0.7pp

30.8

29.5

1.3pp

1.5pp

Profit after tax

588

491

20%

703

562

25%

Basic earnings per share (EUR)

0.49

0.41

20%

0.59

0.47

26%

Number of employees (FTE)

54,043

48,021

13%

na

na

na

na

1) All figures are unaudited.

2) Adjustments in the revenue line items are for the support revenue that would have been recognized had the acquired entities remained stand-alone entities but that SAP is not permitted to recognize as revenue under IFRS as a result of business combination accounting rules. Adjustments in the operating expense line items are for acquisition-related charges, share-based compensation expenses, restructuring and discontinued activities.

3) Constant currency revenue and operating profit figures are calculated by translating revenue and operating income of the current period using the average exchange rates from the previous year’s respective period instead of the current period. Constant currency period-over-period changes are calculated by comparing the current year’s non-IFRS constant currency numbers with the non-IFRS number of the previous year’s respective period.

Revenue – Second Quarter 2011

  • EUR 802 million EUR 637 million
  • EUR 2.58 billion EUR 2.26 billion EUR 2.59 billion EUR 2.26 billion
  • EUR 3.30 billion EUR 2.89 billion EUR 3.31 billion EUR 2.89 billion

EUR 8 million

Profit – Second Quarter 2011

  • EUR 857 million EUR 774 million EUR 1.02 billion EUR 854 million
  • IFRS operating margin was 26.0% (2010: 26.7%), a decrease of 0.7 percentage points. Non-IFRS operating margin was 30.8% (2010: 29.5%), or 31.0% at constant currencies, an increase of 1.3 percentage points (1.5 percentage points at constant currencies).
  • EUR 588 million EUR 491 million EUR 703 million EUR 562 million EUR 0.49 EUR 0.41 EUR 0.59 EUR 0.47

EUR 8 million EUR 111 million EUR 10 million EUR 32 million EUR 1 million EUR 0 million EUR 65 million EUR 2 million EUR 12 million EUR 1 million EUR 5 million EUR 75 million EUR 10 million EUR 24 million EUR 1 million EUR 0 million EUR 49 million EUR 12 million EUR 9 million EUR 1 million

FINANCIAL HIGHLIGHTS – Six Months 2011

First Half 2011(1)

IFRS

Non-IFRS(2)

EUR million, unless
otherwise stated

1H 2011

1H 2010

% change

1H 2011

1H 2010

% change

% change const. curr.(3)

Software revenue

1,385

1,101

26%

1,385

1,101

26%

31%

Support revenue

3,336

2,920

14%

3,361

2,920

15%

16%

Software and software-related service revenue

4,906

4,205

17%

4,931

4,205

17%

19%

Total revenue

6,324

5,403

17%

6,349

5,403

18%

19%

Total operating expenses

-4,870

-4,072

20%

-4,551

-3,933

16%

17%

Operating profit

1,454

1,331

9%

1,798

1,470

22%

24%

Operating margin (%)

23.0

24.6

-1.6pp

28.3

27.2

1.1pp

1.2pp

Profit after tax

991

878

13%

1,231

1,000

23%

Basic earnings per share (EUR)

0.83

0.74

12%

1.04

0.84

24%

Number of employees (FTE)

54,043

48,021

13%

na

na

na

na

(1) All figures are unaudited.

(2) Adjustments in the revenue line items are for the support revenue that would have been recognized had the acquired entities remained stand-alone entities but that SAP is not permitted to recognize as revenue under IFRS as a result of business combination accounting rules. Adjustments in the operating expense line items are for acquisition-related charges, share-based compensation expenses, restructuring and discontinued activities.

(3) Constant currency revenue and operating profit figures are calculated by translating revenue and operating income of the current period using the average exchange rates from the previous year’s respective period instead of the current period. Constant currency period-over-period changes are calculated by comparing the current year’s non-IFRS constant currency numbers with the non-IFRS number of the previous year’s respective period.

Revenue – Six Months 2011

  • EUR 1.39 billion EUR 1.10 billion
  • EUR 4.91 billion EUR 4.21 billion EUR 4.93 billion EUR 4.21 billion
  • EUR 6.32 billion EUR 5.40 billion EUR 6.35 billion EUR 5.40 billion

EUR 25 million EUR 0 million

Profit – Six Months 2011

  • EUR 1.45 billion EUR 1.33 billion EUR 1.80 billion EUR 1.47 billion
  • IFRS operating margin was 23.0% (2010: 24.6%), a decrease of 1.6 percentage points. Non-IFRS operating margin was 28.3% (2010: 27.2%), or 28.4% at constant currencies, an increase of 1.1 percentage points (1.2 percentage points at constant currencies).
  • EUR 991 million EUR 878 million EUR 1.23 billion EUR 1.00 billion EUR 0.83 EUR 0.74 EUR 1.04 EUR 0.84

Leave a comment

seks shop - izolasyon
basic theory test book basic theory test