German software-maker SAP says cloud computing yielded strong returns for 2015 and promised a bright future as the company released a preliminary take on its 2015 finances.
New cloud bookings - which the company bills as "the key measure for SAP's sales success" in the area - grew by 103 per cent for the full year.
"We decisively beat our full-year guidance for cloud and software revenue," said Bill McDermott, the company's chief executive.
"SAP gained significant share against core and best-of-breed competitors."
He added that the figures give "us tremendous confidence in our business in 2016 and beyond".
Cloud computing is the practice under which companies rent out services and access to software online, as opposed to the old business model of customers buying packages of software stored on actual discs they kept in their home or office.
Overall, the company saw an 18 per cent jump in revenues for 2015, for a gross of 20.8 billion euros ($A32.36 billion). However, earnings before interest and taxes fell by 2 per cent to 4.25 billion euros.
Read More: http://www.news.com.au/finance/business/breaking-news/cloud-computing-key-to-sap-success/news-story/5e47127d1ea00b9e2c28657517315dd1
New cloud bookings - which the company bills as "the key measure for SAP's sales success" in the area - grew by 103 per cent for the full year.
"We decisively beat our full-year guidance for cloud and software revenue," said Bill McDermott, the company's chief executive.
"SAP gained significant share against core and best-of-breed competitors."
He added that the figures give "us tremendous confidence in our business in 2016 and beyond".
Cloud computing is the practice under which companies rent out services and access to software online, as opposed to the old business model of customers buying packages of software stored on actual discs they kept in their home or office.
Overall, the company saw an 18 per cent jump in revenues for 2015, for a gross of 20.8 billion euros ($A32.36 billion). However, earnings before interest and taxes fell by 2 per cent to 4.25 billion euros.
Read More: http://www.news.com.au/finance/business/breaking-news/cloud-computing-key-to-sap-success/news-story/5e47127d1ea00b9e2c28657517315dd1
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