SAP APJ posts 23% software revenue growth

[LahoreEstate]

KARACHI: SAP Asia Pacific Japan (APJ) posted 23 percent Software revenue growth, to €594 million. Software and related services grew at 24 percent for the year, to €1.192 billion. All revenue figures in this release are expressed in non-GAAP constant currency terms and all growth is measured against the previous comparable period. While SAP APJ experienced difficult market conditions in the fourth quarter, growing software and software related Services at 5 percent, total revenue for the full year grew at 20 percent, to €1.532 billion. “I am extremely proud of the way our team in SAP Pakistan handled market conditions we experienced during the last quarter of 2008,” said Sajjad Syed, Managing Director, SAP Pakistan. staff report

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