Software vendor SAP recorded 42 % growth in software revenue, to $165 million for the third quarter of this year.
“SAP APJ recorded it’s best ever third 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,” said Steve Watts, president, SAP Asia Pacific Japan.
In the third quarter, SAP APJ’s software and software related services revenue grew 24% to $439 million, while total revenue saw a corresponding 22% growth to $525 million. For the nine months ended September, SAP APJ grew software revenue by 37%, software and software related services revenue by 22 %, and total revenue by 20%.
“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,” the executive said.