SAP Cloud Revenue Grows Faster Than Expected Ahead of Legacy Support Cutoff
Earnings·1 article across 1 outlet
Story updated Rewritten when the story materially grows; the wire is checked every 15 minutesAbout this data
SAP SE’s cloud revenue grew at a faster pace than analysts expected as customers move away from on-premises licenses ahead of the company’s deadline to halt support for legacy software.
This shift indicates a significant transition in customer preferences as they prepare for the upcoming changes in SAP's support policies.
SAP
Sources
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SourceReports the news
“SAP SE’s cloud revenue grew at a faster pace than analysts expected as customers move away from on-premises licenses ahead of the company’s deadline to halt support for legacy software.”
Bloomberg — SAP Cloud Revenue Beats Estimates as Legacy Support Nears Cutoff