The Business Times

SAP cautiously upbeat as growth returns

Firm's software and software-related services growth hit double-digits in Asia-Pacific region for 2013, reports AMIT ROY CHOUDHURY

Published Sun, Feb 16, 2014 · 10:00 PM
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WITH 2014 marking its 25th year of operations in the Asia-Pacific, including Japan, German software major SAP AG is cautiously upbeat about growth despite slowdown and uncertainties in some markets.

Adaire Fox-Martin, SAP's chief operating officer for the Asia-Pacific region, quoted World Bank growth forecasts to indicate that global growth is set to accelerate this year as advanced economies turn a corner, five years after the global financial crisis.

"Growth is projected to strengthen to 3.2 per cent this year, 3.4 per cent in 2015, and 3.6 per cent in 2016 - up from 2.4 per cent in 2013," she noted.

Speaking to BizIT, Ms Fox-Martin observed that in the three months which ended on Dec 31 last year, the company marked another positive quarter (the company's fourth in fiscal 2013) in the region, with accelerated double-digit, year-over-year (YOY) revenue increases in software and software-related ser…

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