Thursday, April 22, 2021

SAP’s Strong Revenues Suggest Enterprise Software Momentum into 2012

eWeek: Enterprise software vendor SAP reported that its total revenue for the fourth quarter of 2011 reached $5.8 billion, a year-over-year increase of 11 percent. The company’s software revenue was up 16 percent, while support revenue climbed 13 percent. “We are well positioned to exceed our [about $25 billion] revenue target and reach a 35 percent operating margin in 2015,” wrote SAP CFO Warner Brandt.

Industry observers say that the strong numbers show that the enterprise software market has recovered from the recession. Competition in the sector will likely heat up as vendors vie for a greater share of enterprise expenditures.

Similar articles

Latest Articles

Top Cloud Service Providers...

Surveying the top cloud computing companies in 2021 goes way beyond AWS vs. Azure vs. Google. While those three are inarguable cloud leaders, the...

IT Planning During a...

Without a doubt, 2020 changed everything. I like to compare it to a science fiction movie where time travel is involved. Clearly, we have...

Best Data Quality Tools...

Data quality is a critical issue in today’s data centers. The complexity of the Cloud continues to grow, leading to an increasing need for...

NVIDIA’s New Grace ARM/GPU...

This week is NVIDIA’s GTC, or GPU Technology Conference, and they likely should have changed the name to ATC because this year – it...