Jim Hagemann Snabe Q3 2011 on CNBC Europe [07:15]

Jim Hagemann Snabe talked to CNCB Squawk Box Europe about a strong performance and 7th consecutive quarters of double digit growth. The 32 % growth in software proves that SAP´s innovation focus is the right strategy in difficult times, Snabe said. Asked about future business he said that SAP is confident and that the new products like mobile and in-memory are really hits and demanded by the customers. "Companies are spending more for software than for hardware", Snabe told CNBC, "SAP is in the right spot in the right time with the right strategy".

Jim Hagemann Snabe Q3 2011 on CNBC Europe