SAP closes cloud partnership with Microsoft

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SAP

SAP confirmed the third-quarter figures published on October 11 and the growth targets for 2023.

(Photo: Bloomberg)

Frankfurt A new distribution agreement with Microsoft adds an extra boost to SAP's fast-growing cloud business. The agreed partnership in the third quarter had contributed 18 percentage points to the increase in new business of 39 percent to 572 million euros, said SAP on Monday.

Accordingly, the contract has a term of three years, revenues will flow from the fourth quarter. SAP can use it to sell its cloud solutions through the sales channels of Microsoft, said the new co-boss Jennifer Morgan.

(t) TOC (t) Microsoft (t) Cloud (t) Storage (t) Collaboration (t) Information Management (t) Product Policy (m) Jennifer Morgan (t) Christian Klein (t) Bill McDermott (t) Software Industry (t ) Computer services & data processing services

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