:German business software group SAP on Thursday said fourth-quarter revenue from its cloud computing business jumped 28per cent as more customers shift their IT operations to its cloud business database.
Cloud revenue climbed to 2.61 billion euros in the fourth quarter ended Dec. 31, the company reported in a preliminary earnings statement. SAP is targeting cloud revenue growth of up to 26per cent in 2022, helping its overall cloud and software revenue rise 4-6per cent, it said. "More and more companies are choosing SAP to help them ... build resilient supply chains and become sustainable enterprises as they move to the cloud," Chief Executive Officer Christian Klein said in a statement.
The company saw a 6per cent year-on-year increase in total revenue for the quarter ended December to 7.98 billion euros, while adjusted earnings per share rose 10per cent to 1.86 euros.Separately, the company also announced a new 1 billion euro share repurchase programme, to be carried out in the period between Feb. 1 and Dec. 31, 2022.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Singapore Latest News, Singapore Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
SAP reports 28per cent jump in Q4 cloud revenue as more customers shift to cloudGerman business software group SAP on Thursday reported a 28per cent revenue increase in its cloud business in the fourth quarter, as the growth of its cloud business database accelerated with more customers shifting their IT operations to the cloud.SAP cloud revenue rose 28per cent to 2.61 billion euros Till date, your UX is rather poor. Like 15 years. And counting.
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
SAP reports 28per cent jump in Q4 cloud revenue as more customers shift to cloudGerman business software group SAP on Thursday reported a 28per cent revenue increase in its cloud business in the fourth quarter, as the growth of its cloud business database accelerated with more customers shifting their IT operations to the cloud.SAP cloud revenue rose 28per cent to 2.61 billion euros Till date, your UX is rather poor. Like 15 years. And counting.
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
China growth seen slowing to 5.2per cent in 2022, modest policy easing expected: Reuters pollBEIJING : China's economic growth is likely to slow to 5.2per cent in 2022, before steadying in 2023, a Reuters poll showed, as the central bank steadily ramps up policy easing to ward off a sharper downturn.The expected 2022 growth would be lower than the 5.5per cent analysts had forecast in a Reuters po
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
China growth seen slowing to 5.2per cent in 2022, modest policy easing expectedBEIJING : China's economic growth is likely to slow to 5.2per cent in 2022, before steadying in 2023, a Reuters poll showed, as the central bank steadily ramps up policy easing to ward off a sharper downturn.The expected 2022 growth would be lower than the 5.5per cent analysts had forecast in a Reuters po Reality is below 3%, china is famous for faking GDP numbers.
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
Indonesia expects 2022 fiscal deficit to shrink to 4.3per cent of GDP -mediaJAKARTA : Indonesia's fiscal deficit this year is expected to shrink to 4.3per cent of gross domestic product, narrower than the 4.85per cent initially predicted, media reported, citing the finance ministry's head of fiscal policy office.A smaller fiscal deficit means the government could reduce its bond
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
France's OVHcloud picks up speed in Q1, on track for 2022 targets:French cloud computing company OVHcloud reported on Wednesday a rise of 13.9per cent in its first-quarter revenue, and said it was on track to achieve its full-year objectives.Citing a good commercial performance with strong customer gains, the cloud services provider posted a revenue of 187.2 million euros
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »