SAP announces record results for Quarter 4 of 2010

Speaking of the growth in European market, Bill McDermott, Co-CEO of SAP, said that \”Emerging markets in Europe are growing fast. We are optimistic in Europe.\” The company recorded a 20% increase in software sales and software related services in Europe.

Speaking on the figures, Co-CEO Jom Hagemann Snabe said that \”We defined a winning strategy based on innovation, over consolidation. Not only can we go into new areas like on-demand, mobile and in-memory computing, but we also got our core business to grow again. In-memory computing is a true breakthrough. It\’s a complete re-thinking of the way data is stored, and allows you to scale to infinity in terms of speed and size of computing.\”

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