SAP Appeals to More Markets, on Pace to Hit $26 Billion by 2015
Bill McDermott, the co-chief executive officer of SAP, promised investors that the firm wills double its revenue by 2015 over a year ago.
This week Jim Hagemann Snabe, the BI giant’s other co-CEO, reiterated his colleague’s pledge in an interview. The executive said that the company is set to reach the 20 billion euros mark within the next two years, and revealed that this milestone will likely be reached sooner rather than later.
“Compared to our competitors our business is doing better. We target to have sales of more than 20 billion euros ($26 billion) by 2015. At the moment we are ahead of our plan to get to that target,” the CEO told Reuters. “We have the strongest pipeline ever,” he added.
The German software vendor credits much of its recent growth to an aggressive cloud strategy that it has been pursuing for the last few years. The company’s extensive software-as-a-service portfolio is starting to pay off big time now that hosted solutions are starting to gain traction among enterprise users that are veering away from the traditional license model.
CIOs are looking for cost-efficient solutions that can improve operations and boost the bottom line. In this department Big Data sits at the top of the list, and – not surprisingly – SAP is getting in on the action.
Last month the company picked up a firm called SmartOps, a Pittsburgh-based developer that sells supply chain optimization solutions. Its software applies predictive algorithms to client data in order to project out of stock scenarios.
SmartsOps’ offering, which is compromised of two separate software products, can be deployed either on premise or in the cloud. The latter option allows the user to consumer the platform as a service on a pay-as-you-go basis.
A message from John Furrier, co-founder of SiliconANGLE:
Support our mission to keep content open and free by engaging with theCUBE community. Join theCUBE’s Alumni Trust Network, where technology leaders connect, share intelligence and create opportunities.
- 15M+ viewers of theCUBE videos, powering conversations across AI, cloud, cybersecurity and more
- 11.4k+ theCUBE alumni — Connect with more than 11,400 tech and business leaders shaping the future through a unique trusted-based network.
About SiliconANGLE Media
SiliconANGLE Media is a recognized leader in digital media innovation, uniting breakthrough technology, strategic insights and real-time audience engagement. As the parent company of SiliconANGLE, theCUBE Network, theCUBE Research, CUBE365, theCUBE AI and theCUBE SuperStudios — with flagship locations in Silicon Valley and the New York Stock Exchange — SiliconANGLE Media operates at the intersection of media, technology and AI.
Founded by tech visionaries John Furrier and Dave Vellante, SiliconANGLE Media has built a dynamic ecosystem of industry-leading digital media brands that reach 15+ million elite tech professionals. Our new proprietary theCUBE AI Video Cloud is breaking ground in audience interaction, leveraging theCUBEai.com neural network to help technology companies make data-driven decisions and stay at the forefront of industry conversations.
