After an initial review of its fourth quarter 2013 performance, SAP AG (NYSE: SAP) said it delivered strong revenue growth in 2013.
Full year non-IFRS software and cloud subscription revenue increased 10% at constant currencies (5% at actual currencies to EUR5.3bn). Non-IFRS software and software-related service revenue grew 11% at constant currencies (6% at actual currencies to EUR14.0bn). Non-IFRS total revenue grew 8% at constant currencies (4% at actual currencies to EUR16.9bn).
“Four years of double-digit growth clearly shows that our customer-focused innovation strategy is winning. We are one of the few global tech companies that has successfully managed the transition to the cloud while growing our core business and improving our profitability at the same time,” said Bill McDermott and Jim Hagemann Snabe, Co-CEOs of SAP. “With the strong momentum of our industry leading HANA platform and SAP Cloud we bring simplicity to our customers and help them innovate faster.”
As market leader in enterprise application software, SAP helps companies of all sizes and industries run better. For more information, visit www.sap.com.