Minyanville, USA, Feb 2, 2012
Latin Growth Fuels SAP
The world’s biggest business software company says revenues from Latin America are fueling the company’s growth. German software giant SAP (SAP) reported 22% revenue growth in Latin America in 2011, compared with global growth of 13%, according to Latin Business Chronicle.
Rudolpho Cardenuto, president of SAP Latin America, told the news site that the best performers in his region were Mexico, Argentina, Chile, Peru, and Colombia. Revenues in Mexico grew 74%.
SAP recently reported that fourth-quarter profit after tax had more than doubled, to 1.2 billion euros. It forecast revenue growth of 10% to 12% for 2012.