Pakistan contributes to SAP APJ’s best ever 3rd quarter performance
KARACHI: The third quarter of 2011 recorded 42 per cent growth in Software Revenue, to €165 million, according to Steve Watts, President, SAP Asia Pacific Japan. Pakistan has been one of the key countries contributing to the improved performance of SAP APJ revenues.
“SAP APJ recorded its best ever 3rd quarter performance, underpinned by strong business momentum across the region. Our key markets of China, India and Japan are growing at strong double-digit growth and every market in the region is performing well.”
In Q3 2011, SAP APJ’s Software and Software Related Services Revenue grew 24 per cent to €439 million, while Total Revenue saw a corresponding 22 per cent growth to €525 million. For the nine months ended September 30, 2011, SAP APJ grew Software Revenue by 37 per cent, Software and Software Related Services Revenue by 22 per cent, and Total Revenue by 20 per cent. All growth figures shown above are expressed in Non-IFRS constant currency terms and are measured against the previous comparable period.
Commenting on SAP APJ’s performance and Pakistan’s growing market, Hassan Jamal, Country Liaison Manager, SAP Pakistan said, “Pakistan has made a solid contribution to SAP APJ region’s bottom-line growth. We are optimistic about the outlook for the rest of the year, and are continuing to invest in our future success by continuing to provide top quality solutions and resources through our eco-system. Our core solutions, together with our industry leading innovations in Mobility, In-memory and Cloud, are unmatched in the value they bring to our customers across all industries in Pakistan. Our customers continue to tell us that they see value in what SAP does for them – they gain better business insights and speed their decision making to drive growth and operational efficiency.”
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