Aided by a phenomenal increase in new cloud bookings, revenues from its Cloud business remained the primary growth driver. While the revenue growth was seen across all business segments, SAP’s Cloud business, aided by a strong increase in new bookings, was the standout performer. Cloud Offerings Continue Phenomenal Growth Under Increased AdoptionAs more and more companies adopt cloud services, the overall cloud market size has been expanding at a rapid rate. Aided by a 30% increase in new cloud bookings, the SAP’s revenue from Cloud Support and Services grew 28% in constant currency. This is a multi-billion dollar market, which could very well be responsible for driving the next phase of SAP’s Cloud revenue growth.

Source: Forbes December 08, 2017 16:07 UTC