The Channel logo


By | Drew Cullen 13th October 2015 09:23

New cloud bookings are a thing for SAP in Q3

But trad business dominates strong quarter

It's all about the cloud for SAP in its Q3, 2015 results announcement today, with the company posting cloud subscription and support revenues of €600m, up 116 per cent on last year - and a slightly less heady 90 per cent at constant currencies.

Even less heady, new acquisition Concur delivered €149m of the growth.

New cloud bookings were up 102 per cent to €216m - SAP says this is a key measurement of success in the cloud.

And quite right too, as there is no fudging provided by the strong-arm licensing and gold-plated support contracts so beloved by the enterprise software vendors.

Total revenue for the quarter climbed 17 per cent 4.98bn and operating profit was up 5 per cent to $1.21bn.

The revenue figure shows that SAP has a long way to effect a transition to complete cloudiness.

But this cautious and conservative company also displays its determination to build and buy its way into relevance for this SaaS-tastic age. ®

comment icon Read 1 comment on this article or post a comment alert Send corrections


Frank Jennings

What do you do? Use manual typwriters or live in a Scottish croft? Our man advises
A rusty petrol pump at an abandoned gas station. Pic by Silvia B. Jakiello via shutterstock

Trevor Pott

Among other things, Active Directory needs an overhaul
Baby looks taken aback/shocked/affronted. Photo by Shutterstock

Kat Hall

Plans for 2 million FTTP connections in next four years 'not enough'
Microsoft CEO Satya Nadella


Suit-and-tie-wearing man tries to meditate, take deep breaths in faux yoga pose. Photo by Shutterstock
Emotional intelligence, not tech skills, is the way to woo suits
League of gentlemen poster - Tubbs and Edward at the local shop. Copyright BBC
One reselling man tells his tale of woe