SAP Market Growth

As a SAP contract recruitment specialist at Vector I was very interested in reading the latest results published from SAP:

SAP is showing strong second quarter growth with a reported 15% year on year rise in earnings with revenue up 12%, totalling €2.89 billion as of 30th June this year. Net income for the quarter was €491 million, up 15 percent from €426 million a year earlier.

Support revenue grew 14 percent to €1.53 billion; software sales grew 17 percent to €637 million, and subscription and other software-related service revenue rose 30 percent to €95 million. SAP’s biggest market is the Americas where Software revenue was up 64% for the second quarter, Asia is also up 11%, but it is down in Europe, the Middle East and Africa by 9%.

Second quarter revenue for SAP’s combined activities rose in Europe, the Middle East and Africa but only by 3% to €1.39 billion with the majority of growth coming from Germany, where revenue rose 9 percent to €506 million, from €463 million a year earlier. U.S. revenue rose 21 percent to €802 million.

These results have been reflected on the contract market considerably in the second quarter. Many areas including MM, FI and PP are becoming candidate short areas. If you are looking for SAP contract work, or to find out more about Vector and SAP, please contact me at  sr@vector-uk.com  or call 01892 771447 for an informal chat.

Simon Rider, SAP / IFS Recruitment Consultant, Vector Resourcing Ltd