Enterprise IT business suite customers up 41%
SAP’s new cloud bookings nearly doubled on the previous quarter, the German software giant’s Q2 results showed today.
‘New Cloud Bookings’ shot up to €421 million from €245 million in Q1.
The surge in cloud bookings was the standout in a set of particularly strong results from the company, which offers a broad range of software and enterprise applications to clients, including Mercedes-Benz Formula E team and the New York Yankees.
It also reported a four percent increase year-over-year in its cloud and software revenue businesses to €4.94 billion, despite currency headwinds, the company said.
Overall, the company’s operating profit growth was up 13 percent up, whilst total revenue rose to a solid €6.014 billion.