SAP has released its results for Q3 2018, with continuing acceleration of cloud adoption the highlight of a strong quarter.
Total revenue was up 8% year-over-year, growing to €6.02 billion. 22% of this revenue now comes from cloud-based solutions. New cloud bookings increased by 36% in the quarter bringing the number of S/4HANA customers to 9,500 in total.
The company expects that half of its current 30,000 ECC6 ERP customers to transfer to S/4HANA by 2020. The company stated: “Customers in the Americas and parts of EMEA were moving faster than expected to cloud and hybrid models.”
Other news included cloud subscriptions and support revenues increasing by a massive 39% year-over-year. Meanwhile, more companies began to invest in SAP’s Leonardo, with the ‘digital toolbox’ for artificial intelligence, internet of things and blockchain, now counting the Chint Group and Deloitte as clients.
With such strong results in Q3 the demand for officially certified SAP consultants is higher than ever, if you are an SAP consultant looking for your next project get in touch with K2 now. We can also help to make sure your SAP skills and certifications stay up to date with SAP Learning Hub. Or if you an organisation looking for SAP talent then look no further!