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1/21/2014
12:50 PM
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SAP Doubles Down On Cloud Computing

SAP accelerates its transition to cloud services, raising subscription revenue forecasts and rolling back profit expectations as it invests in cloud growth.

SAP Co-CEO Bill McDermott
SAP Co-CEO Bill McDermott

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D. Henschen
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D. Henschen,
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1/21/2014 | 1:40:22 PM
Changes At The Top?
There's a new guy in charge at SAP, but you might recognize him as Bill McDermott. Tuesday's conference call seemed like a send-off for co-CEO Jim Hagemann-Snabe as McDermott congratulated him on 20 years of service and gave him a big hug. JHS won't be joining the company's Supervisory Board until May, but McDermott's well wishes seemed like a goodbye. Snabe will still be co-CEO, technically, during the next quarterly conference call in April, but company sources couldn't say whether he will be on that call.

Then there's the matter of McDermott himself. Is it me, or did he look different? Was it the hair? It's usually perfect, but it looked a little tousled on today's call. Maybe it's the weight of responsiblity now that he's soon to be the sole CEO.
RobPreston
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RobPreston,
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1/21/2014 | 1:53:22 PM
Re: Changes At The Top?
I interviewed Oracle co-president Mark Hurd on Thursday, and he had a similar message about the cloud: We're all-in. It's absolutely the future of Oracle applications. No hedging. I'll be writing about that interview with Hurd later in the week.
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