SAP ANZ posted overall revenue growth year on year of 11.3 percent for the financial year ended December 31. This was helped by infrastructure investment in industries such as retail, financial services, utilities and the public sector.
Software and software related services revenue grew at 14.4 percent on the previous year while business user revenues from the SAP BusinessObjects product line grew 126 percent.
The company signed a number of agreements in Q4 including deals with local companies Fonterra, Foodstuffs and Goodman Fielder.
SAP ANZ president and managing director Tim Ebbeck says recording double digit growth in 2009 was an extraordinary achievement.
“Our focus on key vertical industries, coupled with deep industry expertise, paid dividends.”
He adds that SAP found a very willing market for SAP BusinessObjects products, which showed strong growth in 2009.
“This was in line with analysts’ predictions, that companies would be turning to business intelligence and analytics help companies measure, manage and report on what's going on in the business,”