SAP declared that cloud revenue exceeded €1.5 billion (£1.2bn) for the first time in a quarter, with cloud and software orders up by 17% compared to Q1 in 2018.

Cloud revenue grew 45% year-over-year, while total revenue at the company increased by 16%.

“SAP’s results are another illustration that we are a rarity in the enterprise applications software industry,” said Bill McDermott, CEO at SAP, in the firm’s report.

“We have a strong core business, the fastest growing cloud at scale in enterprise software and impressive non-IFRS operating profit growth. We are focused on leading a best-run SAP so we can drive significant margin expansion in the quarters ahead.”

The company said that it is now a market leader in experience management due to its acquisition of Qualtrics in 2018.

“I am extremely pleased that we delivered rapid growth in the cloud and a rock-solid core,” said Luka Mucic, CFO at SAP.

“Non-IFRS operating profit growth saw the biggest improvement in more than three years, with both cloud gross margin and operating margin beating our expectations. This gives us the confidence to further extend our commitment to mid-term margin improvements and stronger shareholder returns as announced today.”

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Since the launch of SOTI ONE, the enterprise mobility management company has grown the number of customer trials by 57% since last year.

The business also achieved 38% revenue growth in its channel ecosystem; with nearly 3,000 channel partners including resellers, distributors and 150 OEM partners operating in 195 countries around the world.

Carl Rodrigues, CEO of SOTI, announced: “With continued technology advancements, increasingly companies are looking to establish relationships with partners who have the ability to support their business-critical mobility needs.”

Industry director at Frost & Sullivan, Jeanine Sterling, added: “SOTI is considered a visionary for its ability to recognise the need for a concerted and coordinated effort to optimise security and management across multiple Android versions.

“SOTI is also at the front of the curve when it comes to IoT device support, including wearables. These visionary moves continue to burnish the SOTI brand in the North American marketplace.”

Written from press release by Leah Alger

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