Strong investment by the retail, financial services, utilities and public sectors have lead to a strong revenue growth for SAP Australia and New Zealand in 2009.
The software giant recorded overall year on year revenue growth of 11.3 per cent for the year to 31 December 2009.
Software and software related services revenue grew 14.4 per cent year on year and business user revenue from the SAP BusinessObjects line-of-business grew 126 per cent year on year.
According to Tim Ebbeck, president and managing director, SAP A/NZ, investment in IT was seen a way out of the financial turmoil of 2009.
“There remained among many companies – large and small - a desire to lead their businesses and move forward with transformation programs,” he said.
“We also found a very willing market for SAP BusinessObjects products, which showed strong growth in 2009. This was in line with analyst predictions, that companies would be turning to business intelligence and analytics help companies measure, manage and report on what's going on in the business.”
Ebbeck said one of the bigger customer deals of the year was the NAB’s selection of SAP’s General Ledger, HR and Procurement software to support its business operations strategy.
An agreement was also reached with Queensland Rail for a core enterprise software system underpinning its business transformation roadmap for the next five years.
Looking ahead, Ebbeck said that with the economies of Australia and New Zealand starting to recover, 2010 was shaping up as a year of opportunity for the company.