SAP revenue up 17% to €4.98 billion in Q3

Enterprise software major SAP said its revenue rose 17 percent to €4.98 billion in the third quarter ended September 30, 2015.

SAP generated €600 million (+116 percent) revenue from Cloud subscriptions and support, €1.01 billion (+7 percent) from software licenses, €2.51 billion (+12 percent) from software support, €3.5 billion (+11 percent) from software licenses and support and €4.12 billion (+19 percent) from Cloud and software.

New cloud bookings, the key measure for SAP’s sales success in the cloud, increased 102 percent in the third quarter to €216 million.

“Our flagship S/4HANA is rapidly gaining market share. HANA is redefining the database industry as the standard real-time platform. Our cloud solutions for workforce engagement are best in class and our omni-channel customer experience solutions are growing faster than best of breed competitors,” said SAP CEO Bill McDermott.

SAP has retained its outlook for the current year. SAP Cloud subscriptions and support revenue will be €1.95 – €2.05 billion against €1.10 billion in 2014. Concur and Fieldglass are expected to contribute approximately 50 percentage points to this growth. Cloud and software revenue will increase by 8-10 percent from €14.33 billion in 2014.

Baburajan K
[email protected]

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