2023-07-11 11:15:00
Welcome to the Cloud Wars Minute — your daily news and commentary show, hosted by Cloud Wars Founder Bob Evans. Each episode provides insights and perspectives around the “reimagination machine” that is the Cloud.
This episode is sponsored by Acceleration Economy’s “Cloud Wars Top 10 Course,” which explains how Bob Evans builds and updates the Cloud Wars Top 10 ranking, as well as how C-suite executives use the list to inform strategic cloud purchase decisions. The course is available today.
In this Cloud Wars Minute, Bob offers his expectations about SAP’s Q2 earnings results, and shares five factors contributing to the company’s growth.
Highlights
00:31 — SAP is releasing its Q2 earnings on July 20. Bob shares details of his expectations for SAP’s cloud and revenue growth.
01:00 — There are five key numbers to consider when thinking about SAP’s expected growth. First, SAP’s overall cloud growth rate. In Q1, SAP’s cloud growth was 24%.
01:48 — The second thing to keep an eye out for, says Bob, is the growth rate of SAP’s S/4 HANA Cloud. In Q1, the product grew 77%. Additionally, the S/4HANA Cloud backlog grew 78% in Q1.
02:50 — SAP’s PaaS revenue growth was up 47% last quarter, which includes SAP’s Business Technology Platform and SAP Signavio. Finally, Bob suggests that the “commentary” of SAP’s RISE program will be significant in its Q2 earnings results. CEO Christian Klein says that RISE has been one of the most strategically vital launches that SAP has ever had.
04:25 — In closing, Bob notes how legacy companies including SAP were considered “unfit” for the world of the cloud but have become powerful forces in the Cloud Wars. He suspects that the metrics mentioned above will go up in Q2.
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