SAP Reports Cloud Computing Tailwind

July 17, 2014 Off By David

Grazed from InformationWeek. Author: Doug Henschen.

SAP is seeing "a new tailwind," CEO Bill McDermott reported in a call with financial analysts, highlighting a better-than-expected 39% increase in cloud subscription and support revenue for the second quarter. The tailwind is tied to SAP’s move toward simplification, McDermott said, and he highlighted the SAP Hana platform as the underpinning of IT simplification, whether on-premises or through SAP’s cloud services.

In his remarks, McDermott focused almost exclusively on cloud computing, noting big competitive wins against Workday at Telefonica and Bombardier Recreational Products. SAP’s 39% increase brought cloud subscription and support revenue to ?242 million ($327 million) for the quarter…

(All figures are non-IRFS in constant currencies.) SAP raised its forecast for full-year cloud revenue by ?50 million ($67 million) to between ?1 billion and ?1.05 billion ($1.35 million and $1.42 billion)…

CategoryNews

The Relationship Between SDN and Cloud Computing

Enterprises increasingly look to the private cloud