The last couple years, SAP earnings reports have had that tantalizing/frustrating pick your own narrative quality.
- Narrative 1 A software giant struggles to evolve into a modern SaaS business
- Narrative 2 A forward-thinking innovator continues a multi-year cloud transformation, bolstered by SaaS acquisitions
You can certainly pick your narrative with SAPs Q1 2019 results, released a couple of weeks before a pivotal Sapphire Now event. Not surprisingly, SAPs latest numbers are impacted by two developments:
Following the cloud transformation narrative, upbeat news included:
- SAP reported a 26 percent increase in new cloud bookings for the first quarter at constant currencies.
- SAP announced 324 new clo…
Read the full article at: https://diginomica.com/sap-earnings-q1-2019-accounting-for-qualtrics-and-restructuring-as-an-activist-investor-takes-a-stake/