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January 10, 2014
06:47 EDTSAPSAP sees Q4 Non-IFRS revenue up 6% to EUR 5.11B vs. EUR 5.06B last year
SAP announced its preliminary financial results for Q4. SAP delivered strong revenue growth in 2013. Full year non-IFRS software and cloud subscription revenue increased 10% at constant currencies. Non-IFRS software and software-related service revenue grew 11% at constant currencies. Non-IFRS total revenue grew 8% at constant. The company also exceeded its FY13 guidance of EUR 750M in non-IFRS cloud subscription and support revenue at constant currencies. SAP HANA, the platform for real-time business applications, was a major growth engine in 2013. FY13 HANA software revenue increased 69% at constant currencies to EUR 664M. The company said that customers are showing strong interest in SAP Business Suite powered by SAP HANA as well as SAP HANA Enterprise Cloud.
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August 19, 2014
05:29 EDTSAPSAP invests $500M in Africa
SAP announced a seven-year plan to up-skill local African talent and drive sustainable innovation and growth in Africa. With more than 1,300 customers across the continent, SAP is already enabling African businesses and governments of all sizes to grow, scale and globalize, as well as make the transition to a networked, technology-driven innovative economy. As part of this commitment, SAP Africa is now taking responsibility for SAP operations across 51 African countries, including Morocco, Algeria and Tunisia and Mauritania.With the vision of helping make Africa run better and improve the lives of Africans, SAP plans to invest up to $500M through 2020 as it continues to build on the region's impressive double-digit growth rate momentum. The goal is to establish the African region as one of the company's top-five growth markets globally. Much of the direct investment will be outside South Africa, where SAP already has a solid footprint.
August 18, 2014
09:06 EDTSAPSGI opens new German subsidiary
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