Cloudy And HANA In-Memory Apps Lift SAP In Q1
April 23, 2013 Timothy Prickett Morgan
German software giant SAP is feeling pretty good about its growth in the first quarter selling software and the fact that it was able to push up profits nearly two and a half times faster than revenue growth in the period that ended in March.
Specifically, SAP said that in the first quarter, its revenues rose by 7 percent to €3.6 billion, with profits after taxes using generally accepted international accounting standards up 17 percent to €520 million. And that was during a time when SAP added nearly 5,200 employees, to a workforce of 64,598.
In the March quarter, SAP