SAP lost in the Cloud?
According to the AFR, the German software company SAP lost $140 million last year on turnover of about $1 billion in the APAC region. The CEO made a comment that this was the result of switching to a cloud-based subscription model, which is exposed to intense competition. He sees the shift as a positive, as the number of customers using SAP has been growing. We just can’t see how a loss-making venture can make it up in volume?