Codestone

Category: ERP Software

Enterprise resource planning (ERP) software produced by leading manufacturer SAP is still very much in demand among business users.

Co-chief executive officer (CEO) of the company Bill McDermott has told Forbes that despite the economic woe around the world, "customers are investing" in the firm's solutions.

Indeed, SAP recently posted record financial results for the fourth quarter of 2011 and it boasted double-digit revenue growth.

"We're focused on five distinctly different markets, which include mobile, analytics, applications, this real-time in-memory database ... and, of course, the cloud," Mr McDermott stated.

SAP has been able to drive investment in these areas by constantly looking to invent the very best technology on the market, with the expert noting the company's "innovation cycle is in full gear".

Mr McDermott and fellow CEO Jim Hagemann Snabe last week said they are confident about the firm's fortunes in 2012, admitting it had continued to thrive in a difficult economic environment.

Posted by Lara Ward