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SAP expects revenue of $30 billion by 2017, driven by cloud

John Ribeiro | Jan. 21, 2014
SAP plans to increase its total revenue to at least €22 billion (US$30 billion), with revenue from its cloud business expected to grow up to €3.5 billion by 2017.

The company still aims to increase its total revenue to at least €20 billion and revenue from its cloud business, including cloud-related professional services, to approximately €2 billion by 2015. It announced the revenue target in 2012, when it said it would exceed €20 billion by 2015.

In 2013, software and cloud subscription revenue was €5.2 billion for the full year, up by 6 percent from the previous year, while support revenue was €8.7 billion, which also increased by 6 percent. Net profit at €3.3 billion increased 18 percent year-on-year. The number of employees was 66,572 FTEs (full time employees), an annual rise of 3 percent.

 

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