Bangalore, Karnataka, India
SAP today announced that SAP India is now the fastest growing subsidiary for the company worldwide following a record-breaking performance during the company's fiscal year 2007. Key data released by SAP on its 2007 business performance in India highlights an unprecedented growth of over 100% both in terms of license revenue and customer acquisition. SAP India was declared as the "Hub of the Year" in Asia Pacific Japan.
Incidently, this performance is also the best ever for the company since the inception of its Indian operations in 1996. Over the last 11 years, SAP has been the undisputed market leader in the Indian enterprise software market. In August 2006, the company was the first enterprise software vendor in India to cross the 1000-customer mark and with strong momentum powering the adoption of its solutions in 2007, the number of its Indian customers now stands at 3024.
"It is a matter of great pride for us to become the fastest growing geography for SAP worldwide," said Ranjan Das, President and CEO, SAP Indian Subcontinent. "This has been possible because of the trust our customers have placed in us, as they grow to global leadership positions in their own spheres. SAP is the clear partner of choice for government entities and Indian businesses, across industries and segments."
SAP India has witnesses growth across all aspects of business including Education, Software related services, customer satisfaction and employee satisfaction.
SAP - India Inc's pre-eminent technology partner of choice
Indian businesses are aggressively pursuing the growth agenda, domestically and globally. As these businesses gear up to manage growth and the challenges associated with it, their reliance on technology solutions is increasing rapidly. In a competitive marketplace, it is significant that SAP is the dependable partner of choice for these fast growing companies.
Large Indian enterprises are continuing to rapidly adopt an IT platform which enables operational excellence and growth. Some of the companies that have adopted SAP solutions recently include ACC, United India Insurance, Modi Rubber, Tata AIG, Brihanmumbai Electricity Supply, Dakshin Haryana Bijili Vitran Nigam Ltd and Adani Infrastructure.
Existing customers of SAP including BHEL, Mahindra & Mahindra, Asian Paints, Tata Motors, Dimexon Diamonds, BPCL, Bennett & Coleman and HCL Technologies are deepening their technology adoption significantly and deploying solutions for corporate governance, master data management, corporate performance management, ecosystem enablement etc.
Mid-sized enterprises in India are experiencing dramatic growth. As managing this growth and transforming themselves to the next level are key strategic priorities for these enterprises, they are adopting scaleable and flexible IT platforms like SAP that support their business agenda. Some of the companies in this category that have adopted SAP solutions recently include Nilgiris, Spinach (Wadhavan Food Retail Ltd), Marg Constructions, Bharat Bijlee, East Coast Constructions & Industries, Watson Pharma, Khadim's, Bharat Box Factory, Bangladesh Foundry and Kancor Ingredients.
As small enterprises across the entire Indian subcontinent surge ahead and look to grow their operations exponentially, automating business processes and enhancing effectiveness are their top priorities. Adi Media, DesignTech Systems Ltd, Electronic Automation (P) Ltd, Pitkar Orthotools and Pankaj Transport are examples of this important trend.
Some Highlights of SAP's 2007 Performance
FY 2007
-- Over 100% growth in license revenue over FY 2006
-- More than doubled the number of customers - From 1350 (Dec 06) to 3024 ( Dec 07)
-- Triple digit growth in new customer acquisition over FY 2006
-- 2.3 times growth in SME revenue year-on-year over FY 2006
-- Customer satisfaction grows to record levels
About SAP
SAP is the world's leading provider of business software*. Today, more than 46,100 customers in more than 120 countries run SAP® applications—from distinct solutions addressing the needs of small businesses and midsize companies to suite offerings for global organizations. Powered by the SAP NetWeaver® technology platform to drive innovation and enable business change, SAP software helps enterprises of all sizes around the world improve customer relationships, enhance partner collaboration and create efficiencies across their supply chains and business operations. SAP solution portfolios support the unique business processes of more than 25 industries, including high tech, retail, financial services, healthcare and the public sector. With subsidiaries in more than 50 countries, the company is listed on several exchanges, including the Frankfurt stock exchange and NYSE under the symbol "SAP." (Additional information at
(*) SAP defines business software as comprising enterprise resource planning and related applications such as supply chain management, customer relationship management, product life-cycle management and supplier relationship management.
Any statements contained in this document that are not historical facts are forward-looking statements as defined in the U.S. Private Securities Litigation Reform Act of 1995. Words such as "anticipate," "believe," "estimate," "expect," "forecast," "intend," "may," "plan," "project," "predict," "should" and "will" and similar expressions as they relate to SAP are intended to identify such forward-looking statements. SAP undertakes no obligation to publicly update or revise any forward-looking statements. All forward-looking statements are subject to various risks and uncertainties that could cause actual results to differ materially from expectations. The factors that could affect SAP's future financial results are discussed more fully in SAP's filings with the U.S. Securities and Exchange Commission ("SEC"), including SAP's most recent Annual Report on Form 20-F filed with the SEC. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of their dates.
Copyright © 2008 SAP AG. All rights reserved.
SAP, R/3, mySAP, mySAP.com, xApps, xApp, SAP NetWeaver and other SAP products and services mentioned herein as well as their respective logos are trademarks or registered trademarks of SAP AG in Germany and in several other countries all over the world. All other product and service names mentioned are the trademarks of their respective companies. Data contained in this document serve informational purposes only. National product specifications may vary.
Source: SAP (Business Wire India)
Press release presented here is sourced from the Source mentioned above and is provided on as-is basis. Please contact the Company / Source directly for any further information in regard to this release. This website will be unable to assist you in regard to the accuracy or correctness of information in this release.