Cloud Reacceleration Drives Strong Start to 2019 for SAP
Narrow-moat SAP highlighted its first-quarter 2019 earnings by reporting a reacceleration in its cloud business. Cloud revenue came in north of EUR 1.5 billion, up 45% over the same quarter last year and 11% sequentially. Forty-five percent cloud revenue growth is a reacceleration from the 33% cloud growth in 2018. We believe the strong growth in the cloud business is due, in part, to the restructuring plan SAP announced at the end of 2018. As part of the restructuring, SAP is allocating more re...
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