IoT
Software // Enterprise Applications
News
7/17/2014
12:46 PM
Connect Directly
Google+
LinkedIn
Twitter
RSS
E-Mail
RELATED EVENTS
Risk Data as a Strategy
Apr 06, 2016
There is a renewed focus on risk data aggregation and reporting (RDAR) solutions, as financial ins ...Read More>>

SAP Reports Cloud Computing Tailwind

SAP posted a 39% increase in cloud revenue in the second quarter, outpacing Oracle and Salesforce.com, but tougher quarters lie ahead.

SAP CEO Bill McDermott.
SAP CEO Bill McDermott.

Comment  | 
Print  | 
Comments
Newest First  |  Oldest First  |  Threaded View
D. Henschen
50%
50%
D. Henschen,
User Rank: Author
7/17/2014 | 2:05:24 PM
Profits down, due in part to cloud investments
We report for IT leaders, not Wall Street, so profits aren't our top priority, but this figure is an important indicator of company health. SAP's profits were down 23% on the quarter, due largely to a €289 million charge related to litigation (brought seven years ago by Versata). The margin was also pinched by SAP's investments in building out cloud infrastrcture, but the company maintained it's full-year profit forecast.
Building A Mobile Business Mindset
Building A Mobile Business Mindset
Among 688 respondents, 46% have deployed mobile apps, with an additional 24% planning to in the next year. Soon all apps will look like mobile apps and it's past time for those with no plans to get cracking.
Register for InformationWeek Newsletters
White Papers
Current Issue
2016 InformationWeek Elite 100
Our 28th annual ranking of the leading US users of business technology.
Video
Slideshows
Twitter Feed
InformationWeek Radio
Archived InformationWeek Radio
Join us for a roundup of the top stories on InformationWeek.com for the week of April 24, 2016. We'll be talking with the InformationWeek.com editors and correspondents who brought you the top stories of the week!
Sponsored Live Streaming Video
Everything You've Been Told About Mobility Is Wrong
Attend this video symposium with Sean Wisdom, Global Director of Mobility Solutions, and learn about how you can harness powerful new products to mobilize your business potential.