Cloud Computing, HANA Database Sales Boost SAP’s Q4 Revenue

Reaping the benefits of its initiatives in cloud computing, mobile technology and its HANA in-memory database, software giant SAP(NYSE:SAP) Wednesday reported double-digit growth for its fourth-quarter and fiscal 2012 sales. SAP reported total revenue of 5.0 billion Euros (U.S. $6.7 billion) for the fourth quarter ended Dec. 31, up 12 percent from 4.5 billion Euros (U.S. $6.0 billion) in the same period one year earlier. After-tax profits, however dropped 8 percent to 1.1 billion Euros (U.S. $1.5 billion) from 1.2 billion Euros (U.S. $1.6 billion) one year earlier.