Hagemann-Snabe reckoned any change would hit the company’s revenue for 2015 but it would have reclaimed any losses by 2017, such is growth in demand.
He’s reported to have predicted cloud would lead to sales of more than 20bn Euro by that date.
Greater focus on cloud comes after SAP reported a five per cent drop in sales of its bread-and-butter on premises software business by five per cent to €975m ($1.3bn) in the third quarter, reported last month. Software and cloud subscriptions were up seven per cent to €1.16bn ($1.58bn).
SAP cloud revenue to reach ~€20B by 2017