SAP sees strong momentum for HANA and SuccessFactors business

The company said revenue was up 11 percent in the first quarter, though margins were under pressure

By , IDG News Service |  IT Management

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.

John Ribeiro covers outsourcing and general technology breaking news from India for The IDG News Service. Follow John on Twitter at @Johnribeiro. John's e-mail address is john_ribeiro@idg.com

Join us:
Facebook

Twitter

Pinterest

Tumblr

LinkedIn

Google+

Answers - Powered by ITworld

Join us:
Facebook

Twitter

Pinterest

Tumblr

LinkedIn

Google+

Ask a Question
randomness