SAP software revenue increases by over a quarter

SAP's software revenue grew to €1.06bn (£837m)in its second quarter, an increase 26 per cent. The report comes in at the high end of expectations.

SAP, which will release its full second-quarter results on 24 July said software and software-related services revenues rose 21 percent to €3.12bn.

Operating profit was up seven per cent to €0.92bn, SAP said.

The results were reported according to IFRS (international financial reporting standards).

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"Our record performance speaks for itself. We delivered double-digit growth in all regions driven by strong momentum from the core as well as SAP HANA, mobile and the cloud," co-CEOs Bill McDermott and Jim Hagemann Snabe said in a statement.

SAP's HANA in-memory database and other database technologies had significant deals in all regions in the quarter.

HANA was first released last year and is being positioned as a future convergence point for all of SAP's software.

The company recently acquired SuccessFactors to improve its hand in the cloud software marke, which has contributed to a growth in the company's headcount by about 5,000 this year.