Let’s not mention on-premise licences….
ERP specialist SAP saw Q4 cloud revenue jump 28 per cent compared with the same period a year earlier to hit €2.61bn In preliminary results, total revenue for calendar 2021 was up 6 per cent year-on-year to €7.98bn – a marked contrast to the car crash financials served up by SAP for 2020. Customer migration to the vendor’s latest in-memory ERP platform was sluggish prior to initiatives SAP put in place to convince customers to migrate. The prelims show those plans are working. Total cloud and software was up six per cent to €6.99bn and services grew three per cent to €99m. Within this, SAP S/4HANA cloud revenue was up 65 per cent to €329m. On-prem software licenses took a commensurate hit though and revenue was down 14 per cent to €1.46bn. CEO Christian Klien, said: “More and more companies are choosing SAP to help them transform their businesses, build resilient supply chains and become sustainable enterprises as they move to the cloud.
