SAP profit tops estimates, as new software license revenue increases 10%

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SAP Profit Tops Estimates as Clients Move to New Software (Bloomberg)

SAP new software license revenue rose 10%.

CEO Bill McDermott said SAP had looked at recently-acquired business software companies Qlik Technologies Inc. and Marketo Inc. but passed on them.

SAP's cloud growth continues, adds 500 HANA customers in a quarter (ZDNet)

SAP does it again – blows past estimates for Q2 FY2016 (Denn Howlett/Diginomica)

Very proud of a strong 1H. Honored by the trust of those who look to #SAP to bring them into the digital age. https://t.co/f0Cs1aIoru

— Robert Enslin (@RobertEnslin) July 20, 2016

Thinking #SAP will likely need to acquire more in IoT and pick up some machine learning IP to be the player it's positioning itself to be

— China Martens (@chinamartens) July 20, 2016

Enslin at #SAP: Expect mid to high triple digits customer go-lives for S/4HANA by end of the year - go-lives taking 6 to 9 months

— China Martens (@chinamartens) July 20, 2016