SAP says new cloud package a hit, confirms outlook
Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel
BERLIN - Software group SAP said on Thursday its new all-in cloud transformation package was proving to be a hit with its customers, as it confirmed its first-quarter results and recently raised guidance.
"We are seeing very strong order entry growth across our applications portfolio," said CEO Christian Klein. Its new business transformation product, Rise with SAP, was "rapidly becoming a massive accelerator".
SAP confirmed its guidance after earlier this month nudging up expectations for cloud and software revenue to 23.4-23.8 billion euros ($28.15-$28.64 billion) this year, representing a rise of 1%-2% year on year.
