{"id":10760,"date":"2017-10-26T17:22:36","date_gmt":"2017-10-26T16:22:36","guid":{"rendered":"http:\/\/www.devopsonline.co.uk\/?p=10760"},"modified":"2017-10-26T19:17:02","modified_gmt":"2017-10-26T18:17:02","slug":"cloud-growth-disappoints-sap","status":"publish","type":"post","link":"https:\/\/devopsnews.online\/cloud-growth-disappoints-sap\/","title":{"rendered":"Cloud growth disappoints SAP"},"content":{"rendered":"
SAP shares have fallen by 2.9% (the most since June) because of \u201cfewer new cloud bookings\u201d.<\/p>\n
The multinational software corporation\u2019s revenue came in at US$6.63billion – \u201cweaker-than-expected subscriptions for its cloud business\u201d, according to Industry Week.<\/em><\/p>\n Natixis analysts, led by Stuart Jeffrey, said via email: \u201cBusiness trends are consistent with prior quarters with growth still solid and the rate of margin decline easing.<\/p>\n \u201cWhile underlying business trends appear good, the scope for consensus earnings upgrades appears limited at this point in time \u2014 consistent with results over the past year.\u201d<\/p>\n SAP is now investing in cloud products and services to challenge Salesforce.com, its industry leader.<\/p>\n Written by Leah Alger<\/p>\n","protected":false},"excerpt":{"rendered":" SAP shares have fallen by 2.9% because of \u201cfewer new cloud bookings\u201d<\/p>\n","protected":false},"author":12,"featured_media":10761,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"content-type":"","pmpro_default_level":"","footnotes":""},"categories":[1351],"tags":[],"yoast_head":"\n