During the call, McDermott also addressed a slow start of sales in parts of Europe. While Germany, Austria and the Nordic countries performed very well, driven by the automotive, banking and retail industries, other parts of Europe lagged, relative to last year, "due to a very strong 2011,' he said. He expected sales to pick up during the rest of the year.
SAP expects to more than double its business in the in-memory HANA platform this year. "It is just a question of how much more than double we will do," McDermott said, adding that the HANA deals that didn't happen before are occurring now. He had no doubt that SAP can convert more than 1,000 customers to the HANA platform, saying that number will be "eclipsed."
In early morning trading on the New York Stock Exchange, SAP shares rose $0.72 to $65.87.