Cloud computing lifts SAP’s Q1 results
Grazed from CloudPro. Author: Jane McCallion.
Software maker SAP posted a 23 per cent rise in software and cloud subscription revenue and 25 per cent overall business growth in its first quarter results. Revenue generated by the organisation’s software-as-a-service business was €167 million in Q1 2013, an increase of 380 per cent year-on-year, with the company claiming its annual cloud revenue run rate was approaching €900 million.
Revenues generated by SAP HANA, the organisation’s big data offering, have also increased. SAP HANA software revenues have tripled, the organisation claimed, adding €86 million to overall software revenue in Q1…

