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SAP's revenue mix is slowly shifting to cloud, preliminary figures show
2014-01-10 17:42:29| InfoWorld: Top News
SAP's business is gradually shifting to the SaaS (software as a service) model while sales of its Hana in-memory database platform continue to grow quickly, according to preliminary fourth-quarter and year-end results the company released Friday. Software revenue for the quarter ended Dec. 31 fell 2 percent on an IFRS (international financial reporting standards) basis to 1.9 billion ($2.58 billion), while cloud subscriptions and support jumped 66 percent to 209 million ($284 million), SAP said.
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