Featured Articles

Intel refreshes CPU roadmap

Intel refreshes CPU roadmap

Intel has revealed an update to its CPU roadmap and some things have changed in 2015 and beyond. Let’s start with the…

More...
Hands on: Nvidia Shield Tablet with Android 5.0

Hands on: Nvidia Shield Tablet with Android 5.0

We broke the news of Nvidia's ambitious gaming tablet plans back in May and now the Shield tablet got a bit…

More...
Nokia N1 Android tablet ships in Q1 2015

Nokia N1 Android tablet ships in Q1 2015

Nokia has announced its first Android tablet and when we say Nokia, we don’t mean Microsoft. The Nokia N1 was designed…

More...
Marvell launches octa-core 64-bit PXA1936

Marvell launches octa-core 64-bit PXA1936

Marvell is better known for its storage controllers, but the company doesn’t want to give up on the smartphone and…

More...
Nvidia GTX 970 SLI tested

Nvidia GTX 970 SLI tested

Nvidia recently released two new graphics cards based on its latest Maxwell GPU architecture, with exceptional performance-per-watt. The Geforce GTX 970…

More...
Frontpage Slideshow | Copyright © 2006-2010 orks, a business unit of Nuevvo Webware Ltd.
Wednesday, 22 January 2014 08:11

SAP thinks cloud has stuffed it up

Written by Nick Farrell



Slow sales

The business software maker, which no one is certain what it does, SAP said that the cloud has stuffed up its profit targets.

 

While some software companies are making a killing on the cloud, the german maker of esoteric software said that additional investments in its cloud business would delay reaching its profit target. SAP said its operating margin goal of 35 percent would now be reached in 2017 instead of 2015.

SAP and rivals such as IBM and Oracle are dashing to meet surging demand for cloud computing, which allows clients to reduce costs by ditching bulky local servers for network-based software and storage in remote data centres. In a statement, SAP said the fast-growing cloud business would create a more predictable stream of revenue, but it needed more time to get a viable business going.

Total revenues would reach at least 22 billion euros by 2017, of which between 3-3.5 billion is expected to come from SAP's cloud business.

Last modified on Wednesday, 22 January 2014 08:16

Nick Farrell

E-mail: This e-mail address is being protected from spambots. You need JavaScript enabled to view it
blog comments powered by Disqus

 

Facebook activity

Latest Commented Articles

Recent Comments