I remember, a year ago, when SAP was declared a Cloud company; I could hardly make any sense out it. I’m sure I was not the only one who doubted the potential of the cloud computing. Perhaps, the doubt arose from the unknown or another risk, since no one really talked about the Cloud as a company’s sole game plan before.
A year has passed. And a very successful one. SAP has positioned itself as not only a global leader in business software, but also as a trend setter and innovator, from cloud computing to the Internet of Things and the Networked Economy. The company’s bold strategy, targeted decision making processes, and strong leadership have made everyone believe that the future is the Cloud.
This week, SAP has announced its FY14 results and set its goals for the next upcoming years. Only in Q4 the cloud growth jumped 72% and increased 45% in Full Year. The Cloud will not stop here. It’s about to grow even faster.
SAP is not going to get its head out of the cloud, figuratively and literally. By setting new goals and visioning the ultimate success, we are about to enter and lead the new era of technology evolution, despite of lowering 2017 operation profit to achieve the long-term goal.
“It’s time to be bold to have a growth company and to adjust to the market’s dynamics”, states Bill McDermott in his interview on Bloomberg TV. Adjustment and flexibility to the changes in the market do shape SAP’s success. But leading the market, not automatically reacting to its changes and trends is what helps get it just right.
By 2020, the company targets seven time growth in Cloud and will reach up to €28 billion total revenue. The forecast seems ambitious. Although, considering the fact that SAP has more users in the Cloud than any other company in the world makes it look pretty achievable.
Are you ready for the Cloud revolution which is foreseen to bring about €8 billion in Cloud subscriptions by 2020? I’m looking forward to it.