Uphill battle shifting business applications to the cloud laid bare
Lindsay Clark Fri 15 Jan 2021 // 16:24 UTC Share
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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 revenue grew 17 per cent to €8.08bn, but software licences revenue was down by a fifth to €3.64bn. Support revenue was more or less unchanged at €11.5bn.
Operating profit climbed 48 per cent year-on-year to €6.62bn, largely down to lower restructuring charges as well as lower share-based compensation expenses compared to 2019.
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A scale model of an Airbus OneWeb satellite and its solar panel are pictured as Airbus announces annual results in Blagnac, near Toulouse, France February 14, 2019. REUTERS/Regis Duvignau
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REVERSE THRUST. Masayoshi Son’s vast investment universe is spreading to past flops. The SoftBank chief executive is pouring cash into OneWeb, the satellite startup which he pushed into bankruptcy last year after pulling the plug on a funding package. The British government and Indian telco Bharti Global subsequently bought it out of Chapter 11 for $1 billion. OneWeb now claims $1.4 billion of funding, including $50 million from America’s Hughes Network Systems, which implies SoftBank is putting in $350 million.
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Critiquing the SAP 2021 business roadmap
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(Pixabay)
Earlier today, Thomas Sauerresig, Executive Board of SAP for SAP Product Engineering used LinkedIn to point at a story attributed to Jan Gilg, President SAP S/4HANA at SAP that appeared on Forbes BrandVoice entitled: 2021 Tech Predictions For A New Year That Can’t Come Fast Enough. Long time diginomica readers will know that we prefer unpredictions but that fact this story was posted on BrandVoice tells you all you need to know about how SAP used that media as a way of telegraphing its business roadmap for the year. Let s examine what Gilg says as this provides strong clues for the informed buyer considering its enterprise software strategy and the place SAP occupies.
Sizzling US stock markets await next leg of record IPO run in 2021
The rush looks set to continue, with an array of companies already preparing for market debuts in the new year
(Bloomberg)
. Updated: 31 Dec 2020, 06:21 PM IST Bloomberg
Around $180 billion was raised from IPOs on US exchanges in 2020, more than double last year’s total
Instead of jetting between cities to meet investors, executives and their advisers have been able pitch to potential shareholders via conference calls
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A booming market for US initial public offerings shows no sign of slowing in 2021.
Around $180 billion was raised from IPOs on US exchanges in 2020, more than double last year’s total and far above the previous high of $102 billion set in 2000, according to data compiled by Bloomberg. Companies have been emboldened by soaring equity values, especially in the second half, while a proliferation of listings by blank-check firms has also boosted volumes.