In the financial year 2015, cloud and support revenues of SAP jumped by 110% to €2.29bn. Excluding the acquisitions, Concur Technologies and Fieldglass, cloud-related revenues increased 43.2%. In the fourth quarter, cloud revenues increased 80% to €630m and 34.3% excluding the Concur Technologies acquisition. Adjusted growth rates are still solid within the industry. Oracle reported an increase of 33.8% (Q1 16 end August) to US$451m, salesforce.com +23.9% (Q3 16 end October) to US$1
12 Jan 2016
Cloud business – the one and only real growth driver
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Cloud business – the one and only real growth driver
SAP SE (SAP:WBO) | 0 0 0.2% | Mkt Cap: 103,244m
- Published:
12 Jan 2016 -
Author:
Heinz Steffen -
Pages:
2
In the financial year 2015, cloud and support revenues of SAP jumped by 110% to €2.29bn. Excluding the acquisitions, Concur Technologies and Fieldglass, cloud-related revenues increased 43.2%. In the fourth quarter, cloud revenues increased 80% to €630m and 34.3% excluding the Concur Technologies acquisition. Adjusted growth rates are still solid within the industry. Oracle reported an increase of 33.8% (Q1 16 end August) to US$451m, salesforce.com +23.9% (Q3 16 end October) to US$1