Dive Brief:
- SAP’s second quarter earnings beat analysts’ expectations, boosted in part by HANA, the company’s suite of financial and operational planning software.
- The company also announced that HANA now has more than 3,700 customers.
- Meanwhile, the company’s new overall cloud bookings saw a 28% increase.
Dive Insight:
The company’s cloud and software business grew 7% over the 2015 Q2 figures.
CEO Bill McDermott attributed much of the growth to the company’s new S/4 HANA offering. "Our groundbreaking new architecture is accelerating momentum across all businesses—cloud, core, and business networks," McDermott said in a statement. "As a result, SAP delivered a unique trifecta of double digit growth in software, cloud and operating income. Our S/4 HANA pipeline has never been stronger."
SAP said new HANA customers in the second quarter included The Hershey Company and Cathay Pacific.
The company is up against Oracle and Salesforce.com in the battle for financial and operational planning software customers.
In May, SAP announced a collaboration with Microsoft that will combine SAP’s HANA databases and Microsoft’s Azure cloud to allow Microsoft customers to run SAP software without installing it on their own servers and allow companies to link Office 365 with SAP’s business software. The same month, SAP announced it would partner will Apple to develop iOS native enterprise apps for iPhones and iPads using SAP’s HANA platform and will introduce dozens of enterprise applications, including both industry specific and more general apps.
