Links 7/17/2014: SAP cloud business shows strong growth as on-premise software drops; Big cuts at MSFT

SAP Online Software Boosts Sales as Profit Lags Estimates (Bloomberg)

SAP raises annual cloud revenue forecast after the business soars in Q2 (PC World)

SAP Q2 2014 Earnings: 6 Customer Takeaways (ASUG News)

SAP CEO McDermott talks Oracle, Hana and life in Germany (PC World)

SAP to focus on small businesses with launch of SMB Solutions Group (ZDNet)

Billtrust, backed by Bain Capital, is based in Hamilton, NJ.

How Comcast became a powerful—and controversial—part of the Internet backbone (Ars Technica)

Telecom heavyweights, including Comcast, spar at Senate hearing (Philadelphia Inquirer)

Aereo Hits Roadblock in Effort to Become Cable System
(Hollywood Reporter)

Microsoft lays off 18,000, including half of Nokia, in largest-ever job cuts (PC World)

Microsoft closing Xbox Entertainment Studios (Engadget)

DreamIt Health Philadelphia names 2014 class
(Philadelphia Business Journal)