SAP Australia has posted a total net loss after tax of $140 million for the year ended 31 December 2017, a further fall from the previous year's $22.4 million loss.
In Australia, SAP acts as a distributor of SAP software, providing maintenance and consultancy services and software related training.
The company's cloud and software revenue for the year was $647 million, almost $90 million more than the previous year's result. The company's local services business, meanwhile, also grew from $343 million revenue in 2016 to $398 million in 2017. These values formed the bulk of the company's revenue locally, coming to just over $1 billion.
SAP said the company has delivered growth as it transitions from upfront software revenue to subscription-based cloud revenue, according to the report filed with the Australian Securities and Investments Commission (ASIC) 30 April. The company spend $4 million in restructuring costs for the year.
SAP Australia's annual report also stated that the company has invested significantly in cloud capability and infrastructure including a net increase in staff. According to SAP's global financial report, SAP Australia had 1,257 employees at the end of 2017.
According to the parent entity's financials for the same period, Australia registered the second highest revenue of the Asia Pacific and Japan region, after Japan.
The APJ region was responsible for 16 per cent of SAP's total revenue for 2017, or close to $6 billion, with Japan being responsible for 24 per cent of the APJ total revenue.
In March, SAP Australia announced it was extending access to its software portfolio for partners in order to tap into the small and medium-sized enterprise (SME) market with packaged software and services solutions at predictable prices.
Read more: SAP Australia launches Autism at Work
