SAP Still Hottest Apps Vendor On 22.8% Cloud-Rev. Growth In Q3 Cloud Wars Live With Bob Evans podcast

Content provided by Bob Evans. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Bob Evans or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://player.fm/legal.

Cloud Wars Live with Bob Evans »
SAP Still Hottest Apps Vendor on 22.8% Cloud-Rev. Growth in Q3

10h ago 4:42

MP3•Episode home

In today's Cloud Wars Minute, I show how SAP’s seamless data strategy is driving real business value in the age of AI.

Highlights

00:14 — SAP reported a very nice third quarter last week. Some highlights from SAP Q3, and then I'll do the comparisons with its competitors. So, the cloud revenue overall is up 22% to $6.14 billion. Ad their current cloud backlog, which is pretty close to RPO (Remaining Performance Obligation), the term some companies use, was up 23% to $18.1 billion.

01:24 — SAP is at the top, up 22% to $6.14 billion. Second place, Workday: 14% to $2.17 billion. Then Oracle, up 11% for its SaaS products to $3.8 billion. And Salesforce: most recent quarter revenue is up 10% to $10.24 billion. SAP’s growth is more than twice as high than what Oracle and Salesforce did, and it's about 60% higher than the growth rate for Workday.

02:10 — There’s a lot to think about here. What’s making this happen? I think a few things are going on. One is, certainly there’s a tendency for longtime SAP on-premise customers to slide along and go with SAP.

03:06 — The other thing I think SAP has done well is evolving their applications. First, it was the Cloud ERP Suite, now the Business Suite. It's trying to make things simpler for its customers with a seamless experience, same interface, same data model. SAP, along with the others, has been doing a very good job of infusing agentic AI into their applications.

04:03 — So, very nice quarter here from SAP for Q3. It continues to dramatically outpace what its competitors are doing. But there’s a lot of back and forth, a lot of vying to close that gap on the part of competitors.

Visit Cloud Wars for more.

581 episodes