SAP says new cloud package a hit, confirms outlook
BERLIN (Reuters) - Software group SAP said on Thursday its new all-in cloud package was proving to be a hit with its customers, as it confirmed its first-quarter results and recently raised guidance. We are seeing very strong order entry growth across our applications portfolio, said CEO Christian Klein. SAP s new business transformation product, Rise with SAP, was rapidly becoming a massive accelerator .
SAP confirmed its guidance after earlier this month nudging up expectations for cloud and software revenue to 23.4-23.8 billion euros ($28.15-$28.64 billion) this year, representing a rise of 1%-2% year on year.
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