How SAP’s cloud offerings performed
In the prior part of our series, we discussed SAP’s (SAP) fiscal 4Q15 and 2015 results. In fiscal 4Q15, SAP’s cloud systems and support non-IFRS[1. International Financial Reporting Standards] revenues reported 60% growth in constant currency terms to 633 million euros. The company’s software licenses and support revenues grew 13% in constant currency terms to reach 4.75 billion euros. Taken together, SAP’s cloud and legacy software sales grew 18%.
In fiscal 2015, SAP’s cloud systems and support non-IFRS revenues reported 109% growth in constant currency terms to ~2.3 billion euros, whereas the company’s software revenues grew 13% in constant currency terms to reach 14.9 billion euros.
Also in fiscal 2015, SAP’s new cloud bookings rose by 103% to 883 million euros. This figure wasn’t available on a non-IFRS basis. This indicates an improvement in SAP’s offerings in the cloud space. Amazon (AMZN) leads the overall cloud space while Salesforce.com (CRM) dominates the PaaS (platform-as-a-service) and SaaS (software-as-a-service) spaces.
SAP’s cloud offerings gained traction across all geographies
In fiscal 2015, the Americas contributed the maximum toward company’s revenues. In the Americas, SAP’s cloud revenue grew by 120% as the graph above shows. It was followed by EMEA[2. Europe, the Middle East, and Africa] as it saw 83% growth in cloud revenues.
In terms of combined cloud and software revenue, the Americas ruled among all geographies, with double-digit growth. It was followed by APJ, or Asia-Pacific and Japan (EWJ). APJ reported double-digit growth in 4Q15 with non-IFRS cloud and software growth of 18%. This was due to double-digit growth in software revenue in India (EPI) and Australia (EWA).