SAP said it expects to return to revenue growth and deliver stronger profit margins in 2010 amid a gradual economic recovery. The company also said sales were rebounding in the US and added that its on-demand Business ByDesign suite will be ready for volume deployments in mid-2010.
In an earnings statement, chief executive Leo Apotheker said: "Along with margin expansion for 2010, we are also ready to return to top-line growth, although the market continues to be challenging and uncertainty among customers still exists."
In a presentation with investors, SAP noted that it expects subscription revenue to grow in 2011 because of its Business ByDesign suite for small and medium-sized businesses and on-demand extensions for large customers. The company will focus on fast growing regions such as Brazil, Russia, India and China.
For more on this story, see SAP earnings: Conditions improve, but uncertainty remains on ZDNet.com.
