SAP has revealed its full-year earnings for 2015, showing a notable upsurge in cloud bookings for the year, particularly from new customers.
The company posted revenues from cloud services of €2.29bn (£1.72bn), an increase of 110 percent over its full-year 2014 results.
This contributed to overall revenues for 2015 of €20.80bn, the bulk of which was made up of more traditional software sales and licensing deals, at €14.93bn.
SAP was particularly keen to highlight that new cloud bookings over the year were up 103 percent to €0.89bn, some €0.35bn of this coming in the last quarter of the year.
The company said this was the “key measure” for its success in the cloud.
SAP also noted that its S/4 HANA platform is growing, and that 2,700 customers worldwide now use the big data service, representing a doubling over each quarter during the year, and suggesting that as many as 2,500 customers signed up in 2015.
Based on these trends SAP CEO Bill McDermott was upbeat on the performance, claiming that the firm is now out-competing core rivals and more specialised cloud providers.
"SAP gained significant share against core and best-of-breed competitors. Across markets and industries SAP is extending its lead as the trusted innovator in the business software industry," he said.
Based on this success the company also provided a strong outlook for 2016, predicting that cloud revenue will grow to between €2.95bn and €3.05bn, as much as 33 percent growth on 2015.
Overall this should help boost the company to profits of €6.7bn, SAP estimated.
If so this would be significantly up on the profits of €4.25bn generated in 2015, a slight two percent decline on 2014. However, this appears to have been caused by currency fluctuations. Based on constant currency measures SAP actually turned a profit of €6.35bn, up five percent year on year.
SAP has already been busy this year, announcing a partnership with Accenture to smooth the adoption of cloud-powered S/4HANA business applications.
The move means that Accenture will offer companies a way to tailor S/4HANA to suit their individual business needs and fast-track their implementation of the software in an effort to help more businesses benefit from the technology.
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