SAP offers mixed preliminary results at the 'top end' of its downwardly revised outlook

SAP today reported preliminary results for 2020, showing the German enterprise software vendor serving up flat revenue and slightly improving profits, along with a worryingly notable drop in licence sales. For the full year ending December 31, total revenue was down 1 per cent year-on-year year to €27.34bn. Within that, cloud …

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SAP's expedited shift to the cloud

It's not SAP whose shift is expedited, it's all their customers. A lot are just going elsewhere.

Hmm, software sales are down. Let's close down our Channel Sales operation so we can sell even less software!