back to article Cloud-engorged SAP's profits nosedive by a QUARTER

Profit plunged by 23 per cent to €413m (£296m) at Teutonic wannabe cloud-purveyor SAP for its first quarter as the company attempts to move away from its traditional on-premise software products. Revenue increased 22 per cent to €4.5bn (£3.2bn), compared with the same period last year. Cloud subscriptions and support revenue …

  1. NJobs

    Commercial ‘Cloud’ still Dwarfed by 'on-Premises' Software

    Commercial ‘Cloud’ is still massively dwarfed by ‘Perpetual / on-Premises’ Software spend - you can read the statistics in the following LinkedIn Post or follow the next link for a PDF version...'Cloud' is clearly on the increase but there's no 'one size fits all' in the world of software.

    https://www.linkedin.com/pulse/commercial-cloud-dwarfed-perpetual-software-licence-spend-noel-unwin?trk=prof-post

    http://www.discount-licensing.com/files/Commercial%20Cloud%20Dwarfed%20by%20Perpetual%20Software%20Licence%20Spend%20(Jan%2015).pdf

POST COMMENT House rules

Not a member of The Register? Create a new account here.

  • Enter your comment

  • Add an icon

Anonymous cowards cannot choose their icon

Other stories you might like