PALO ALTO, Calif., Nov. 7, 2018 /PRNewswire/ -- SAP SE (NYSE: SAP) today announced that companies worldwide are embracing its powerful end-to-end network and total spend management, cloud-based solutions. These solutions support business leaders who understand that collaboration and the ability to share data across organizational boundaries is nonnegotiable. In the third quarter of 2018, SAP's cloud revenue surged 41 percent (non-IFRS, at constant currencies) and new cloud bookings grew 37 percent (at constant currencies) year-over-year.
Data Delivers Intelligence to Move Businesses ForwardEnabling real-time decision-making and having an intense focus on profitability and long-term growth are prerequisites for successful global business leaders. With this in mind, companies worldwide are adopting cloud solutions from SAP for end-to-end network and spend management to extract valuable information to accelerate the journey to becoming intelligent enterprises. For example, in the third quarter of 2018:
Powerful Networks to Expand the Value of DataWith SAP Ariba, SAP Concur and SAP Fieldglass solutions, SAP delivers the most powerful networks with a best-in-class user experience across sourcing and supplier management, travel and expense, and workforce management.
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About SAPAs the cloud company powered by SAP HANA®, SAP is the market leader in enterprise application software, helping companies of all sizes and in all industries run at their best: 77% of the world's transaction revenue touches an SAP system. Our machine learning, Internet of Things (IoT), and advanced analytics technologies help turn customers' businesses into intelligent enterprises. SAP helps give people and organizations deep business insight and fosters collaboration that helps them stay ahead of their competition. We simplify technology for companies so they can consume our software the way they want – without disruption. Our end-to-end suite of applications and services enables more than 413,000 business and public customers to operate profitably, adapt continuously, and make a difference. With a global network of customers, partners, employees, and thought leaders, SAP helps the world run better and improve people's lives. For more information, visit www.sap.com.
Any statements contained in this document that are not historical facts are forward-looking statements as defined in the U.S. Private Securities Litigation Reform Act of 1995. Words such as "anticipate," "believe," "estimate," "expect," "forecast," "intend," "may," "plan," "project," "predict," "should" and "will" and similar expressions as they relate to SAP are intended to identify such forward-looking statements. SAP undertakes no obligation to publicly update or revise any forward-looking statements. All forward-looking statements are subject to various risks and uncertainties that could cause actual results to differ materially from expectations. The factors that could affect SAP's future financial results are discussed more fully in SAP's filings with the U.S. Securities and Exchange Commission ("SEC"), including SAP's most recent Annual Report on Form 20-F filed with the SEC. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of their dates.
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For customers interested in learning more about SAP products: Global Customer Center: +49 180 534-34-24United States Only: 1 (800) 872-1SAP (1-800-872-1727)
For more information, press only:Tara Degler, +1 (610) 661-8483, email@example.com, ETSAP News Center press room; firstname.lastname@example.org
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SOURCE SAP SE
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