SAP ANZ Q2 09 revenue up 16 percent

SAP ANZ Q2 09 revenue up 16 percent

Software company attributes growth to major wins.

SAP Australia New Zealand has posted double digit revenue increases over the financial year and second quarter of 2009.

Overall revenue was up 16 percent in the second quarter of 2009 compared to the same period last year. First half overall revenue was up 14 percent.

SAP ANZ president and CEO Tim Ebbeck says the company is very pleased with its first half performance.

“Amidst some of the most volatile trading and market conditions in years we have signed major deals with new customers, strengthened and built on relationships with existing customers and taken to market a really compelling set of solutions with SAP BusinessObjects.

“In this environment, any incremental revenue growth is significant, given we had our largest year ever in 2008. We are pleased but not complacent. It’s still a challenging market but also one with significant opportunities,” he says.

SAP attributes the growth to some local wins including KiwiRail and Telecom. Retailer Super Cheap Auto Group was the first buyer of BusinessObjects Explore in the ANZ region.

Ebbeck adds that the company “won an unfair share” of a smaller number of transformation projects.

“This type of deal was the major theme in 2008 and the prime contributor to our financial result last year. In 2009, we’ve seen organisations focus on smaller strategic IT projects that are designed to deliver a very specific outcome or competitive advantage without disrupting ongoing operations,” he says.

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