Cloud, the new back office
There are many good reasons for having your own data center and against the cloud cuckoo land. However, those who have already transformed their telephone system and ERP system into the cloud in the past and whose employees have a sufficiently fast Internet connection have been able to send their administration, sales, marketing, etc. to the home office in the past few weeks in a relatively relaxed manner For existing SAP customers, however, the home office away from colorful Fiori apps is not trivial, because for too long SAP has relied on cheap effects on the smartphone and tablet.
Unfortunately, the overall structure at SAP is not yet cloud-ready, because routine work can only be carried out efficiently and quickly to a limited extent using Fiori. The sales figures in the Fiori app on the tablet are only correct for the boss if all bookings have also been recorded and reconciled.
SAP's latest quarterly report shows a 31 percent year-over-year decline in software license revenue. It is still too early to draw conclusions from this as to whether it is a turn towards the cloud or a turn away from SAP.
For this year, SAP now expects operating profit to be in a range between EUR 8.1 billion and EUR 8.7 billion (2019: EUR 8.21 billion). This range corresponds to a growth rate of minus 1 to plus 6 percent after adjusting for foreign exchange.