Business software major SAP said its revenue rose 16 percent to €6.35 billion in Q4 2015, and 18 percent to €20.80 billion in 2015 – fuelled by 20 percent increase in cloud and software revenue.
SAP will report detailed preliminary fourth quarter and full year 2015 results on January 22.
SAP revenue in Q4 2015
SAP has generated revenue of €0.63 billion (+81 percent) from Cloud subscriptions and support, €2.15 billion (+15 percent) from software licenses, €2.6 billion (+11 percent) from software support, €4.75 billion (+13 percent) from Software licenses and support, €5.38 billion (+18 percent) from Cloud and software.
SAP revenue break up in 2015
SAP has generated revenue of € 2.29 billion (+110 percent) from Cloud subscriptions and support, € 4.84 billion (+10 percent) from software licenses, € 10.09 billion (+14 percent) from software support, € 14.93 billion (+13 percent) from Software licenses and support, € 17.22 billion (+20 percent) from Cloud and software.
New cloud bookings, the key measure for SAP’s sales success in the cloud, increased 103 percent in 2015 to €0.89 billion and 75 percent in the fourth quarter to €0.35 billion.
Adoption of SAP S/4HANA accelerated sharply, with more than 2,700 customers across all regions at the end of 2015, more than doubling quarter over quarter.
SAP CEO Bill McDermott said: “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.”
SAP outlook for 2016
SAP expects cloud subscriptions and support revenue to be in a range of €2.95 – €3.05 billion in 2016. The upper end of this range represents a growth rate of 33 percent.