SAP indeed made remarkable progress over the period and will continue to do so. SAP applications have proved to be very valuable and users have utilized them for the maximum benefit for increasing business and profits. SAP professionals have over a period of time contributed well and are much in demand on account of this.
We live in a competitive world today and business involves cut-throat-competition. It is but natural for a business player to look into profitable technological applications and they have found SAP of utmost importance in their business operations.
SAP (SAPG.DE) has indeed announced rather upbeat results in the seasonally based tough first quarter, thus gaining ground on the competitors Salesforce (CRM.N) swell as Oracle (ORCL.N) in the cloud and this has indeed been its marginal recovery that has been firmly on track.
The SAP which happens to be Europe’s largest tech company in terms of stock market valuation has also indeed raised its sales well as profits guidance for 2018 in order to take into account the respective $2.4 billion acquisition of U.S. sales software firm Callidus.
Investors do welcome the results, with SAP shares gaining much ground by about 2.7 percent in early trading – even as hardware-focused tech stocks did suffer in Europe on growing signs that rather Apple’s (AAPL.O) latest iPhone is quite underperforming.
One is gaining share fast and is also outpacing one’s toughest competitors pretty handily.
SAP now does expect the total non-IFRS revenues at constant currencies this year of 24.8-25.3 billion euros ($30.3-$30.9 billion), which does represent the growth of 5.5-7.5 percent, which is up from an earlier expectation of 5-7 percent growth.
Cloud business has been on the increase whereby quarterly revenues for the first time topped 1 billion euros, and is still rather a third the size of the legacy license operations and must indeed grow rapidly for years to come in order to achieve comparable scale.
The key growth metric has indeed been keenly watched by professional analysts.
SAP’s performance at constant currency level was quite remarkable. SAP performance levels have shown much advancement and this does indicate that there is much demand for SAP practices in the market.
SAP has been made use by many big players in the market who need SAP applications to go ahead in business growth and development. SAP in 2017 had been used for various business operations and in 2018 as well, it will indeed prove to be taking an upward trend.
SAP professionals did contribute well in 2017 and are doing so in 2018 as well. Much is expected from them in this coming year as well and naturally, this has resulted in more demand for them.
SAP has spread its tentacles by coming up with various applications and has applied them in various spheres of business activities. It has proved to be an indispensable technological tool which has indeed attracted the attention of several businessmen. Technology and business go together and technological applications have become an essential component of every business venture.