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SAP riding high in Hong Kong and Asia Pacific markets

27.05.2011
Enterprise application software provider SAP has reported strong business momentum in the first quarter of 2011 (Q1 2011) and has achieved robust performance in Hong Kong and the Asia Pacific markets.

SAP Asia Pacific Japan (APJ) experienced first quarter software revenue growth of 31 per cent and according to the company, SAP Hong Kong specifically contributed to this performance.

Success in this quarter was attributed to SAP's core and analytics, line of business and indirect channel.

SAP markets in Hong Kong, China, India, Taiwan and Southeast Asia performed very well during the first quarter and this region recorded 31 per cent software revenue growth. This growth is higher than the global figure of 24 per cent, according to the company.

Also, SAP's software and software-related services revenue for Q1 2011 grew by 18 per cent across the APJ region.