SAP Asia Pacific Japan's key markets -- China, India and Japan -- are growing at strong double-digit growth and every market in the region is performing well.
The company recorded 42 per cent growth in Software Revenue in the third quarter of 2011(Q3 2011), according to Steve Watts, president, SAP Asia Pacific Japan.
SAP APJ's Software and Software Related Services Revenue grew 24 per cent to US$600 million in this quarter and its Total Revenue saw a corresponding 22 per cent growth to US$717 million.
"SAP APJ recorded its best ever third quarter performance, underpinned by strong business momentum across the region. Our success in APJ lies very much in our customer centric innovation strategy - our customers like what we are doing for them. While we continue to build on the solid foundations of our core business, we are also growing very strongly in the areas of In-Memory (HANA), Mobility and Cloud," said Watts.
Noting an increase in market share due to SAP's ERP and Business Suite solutions, Watt said its Line of Business (LOB) solution revenues also doubled year-on-year. The company is also experiencing rapidly expanding sales pipelines for its mobility and in-memory solutions.
About 10 per cent of SAP APJ's Software Revenue contributions in Q3 2011 came from new innovations like HANA and Analytics.
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 for the nine months ended September 30, 2011
The company notes that all growth figures are measured against the previous comparable period.
"We are very optimistic about the outlook for the rest of the year, and are continuing to invest in our future success by aggressively hiring top quality industry talent across the region," said Watts.
"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. 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."
Sign up for MIS Asia eNewsletters.