
Germany-based software giant SAP reported Q4 results showing a one percent rise in operating profit.
Operating profit for the period fell 3% from €1.80 to €1.75 billion year-on-year, while total revenues rose 7%. In particular, cloud subscriptions and support saw the biggest growth in revenues, rising 68% year-on-year from €0.21 to €0.35 billion.
Meanwhile, full-year operating profit was down 3% year-on-year from €4.48 to €4.33 billion. Total revenues rose 4% compared to 2013, again driven by a robust year-on-year increase in cloud subscriptions (56%).
Bill McDermott, CEO of SAP commented: "With the widespread adoption of the SAP HANA platform, 2015 is all about accelerating the introduction of next generation applications on HANA and scaling the world’s largest Business Network."