SAP says people believe in its cloud
 

Growing

The business software company which no one really knows what it does but since it is so expensive it must be good, SAP says its cloud product was doing rather well.

Chief Financial Officer Luka Mucic said customer adoption of the latest cloud version of SAP’s business database was strong and this would accelerate as it markets a new business transformation offering to clients.

Mucic said that the run rate - or current annualised revenue - of the cloud version of its S/4HANA cloud database was currently 800 million euros.

Nearly 3,300 customers were running S/4HANA in the cloud, of which 2,000 were live, a number that was “building up very quickly”, Mucic told a news conference after SAP reported its 2020 results.

SAP this week launched a new all-in-one package to offer ‘business transformation as a service’ to help its 400,000 customers transform their businesses from traditional software licences to cloud-based architectures.

https://fudzilla.com/news/memory-and...e-in-its-cloud