Although they have had mixed 4th quarter figures, SAP is very upbeat about the future:
- They want to triple its cloud subscription revenue by 2023
- Software revenue for 2019 should rise 8.5-10%, cloud subscription and support revenues expected to rise by 33-39%
- Overall revenues are expected to climb by more than €10bn within five years to more than €35bn
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SAP is the leading provider of ERP and CRM Software. It’s products are deployed across the worlds largest enterprises. Leverage of 0.2x, High recurring revenue, multi-billion Euro international revenue opportunity.
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