That might be aimed at Infor, which is starting to gain notice as a competitor and which has been unprofitable until its most recent quarter. The fact that Infor CEO Charles Phillips pointed out the slump in SAP's core software revenue during his company's recent earnings call might have drawn that comment. But despite the fact its software revenue was down for the year ended December 31, McDermott laid it on thick. "We are growing in very high digits in all emerging markets; 40 percent in China," he said. McDermott also boasted the company's fast-growing Hana platform had improved SAP's financial reporting. Use of Hana was "why we could hold our earnings call earnings so early, because we have our numbers on Hana," McDermott said. SAP continued to preach the gospel that its in-memory technology is two years ahead of competitors. SAP said cloud revenue was up 50 percent for the year, which compensated for the 3-percent drop in software revenue in constant currencies. The company points to non-IFRS numbers for most highlights. The IFRS results show after-tax profits of about $4.6 billion, up 18 percent from 2012 and revenue of $23 billion a 4-percent rise.