SAP AG has announced its preliminary financial results for the second quarter ended June 30, 2010. IFRS software and software-related service revenues were $2.94 billion (2009: $ 2.53 billion), an increase of 16 percent (8 percent at constant currencies). IFRS software revenues were $828 million (2009: $706 million), an increase of 17 percent (5 percent at constant currencies). IFRS total revenues were $3.76 billion (2009: $3.35 billion), an increase of 12 percent (5 percent at constant currencies).

“We are pleased to report another quarter of growth in software and software-related service revenue,” said Werner Brandt, CFO of SAP. “The top line results were driven by continued growth in software revenue, strong support revenue, mainly from the majority of our customers who endorsed Enterprise Support, and double-digit growth in subscription revenue.”
“Customers continue to invest for growth across large, mid-sized and small enterprises and within many industries,” said Bill McDermott, Co-CEO of SAP. “We had outstanding growth in strategic markets like the U.S. and we saw continued double-digit growth in key emerging markets in Latin America and Asia. This solid performance is due to renewed customer confidence, an ever-expanding ecosystem, as well as focused execution on our go-to-market strategy.”

“Our focus on customer-driven innovation is positively impacting our growth. Reaching more than 100,000 customers is a testament to the inroads we have made in expanding our volume business and our success in the small and mid-sized enterprise (SME) segment,” said Jim Hagemann Snabe, Co-CEO of SAP. “Our success in the SME segment creates a strong foundation for the new version of our on-demand platform SAP Business ByDesign. The new version will be available on time on July 31st and is ready for volume deployment in six countries.”