SAP boosts revenues and market share in Latin America, which again is the fastest-growing region for the software giant.
BY CHRONICLE STAFF
German software giant SAP, the world's largest producer of business-management software, posted another banner year in Latin America. Revenues grew dramatically as did its market share.
"For the second year in a row SAP Latin America is the region that grew most worldwide," Jose Duarte, the company's president and general manager for Latin America, told reporters last week.
SAP boosted software revenues in Latin America last year by 36.5 percent. That compares with 17 percent growth in the Americas region (which includes the United States) and 18 percent worldwide. Software and software related service revenues (SSRS) in Latin America grew by 31.5 percent, which also beat Americas growth of 16 percent and global growth of 17 percent.
SAP does not release specific figures for Latin America, but Forrester analyst Ray Wang...
Keywords: Argentina, Bancolombia, Bradesco, Brazil, Chile, Embraer, Gafisa, Mexichem, Mexico, Microsoft, Oracle, Pão de Azucar, Peru, TOTVS