C_TAW12_71 Study Materials

SAP has been focused on providing a range of commercial software for corporate customers, but in recent years as competitors offer affordable cloud computing software via the Internet, the company's earnings remain under pressure. "Cloud computing business slowdown argument is baseless," SAP Chief Financial Officer Luca - Ming Xike (Luka Mucic), said in the earnings conference call with analysts. "We're all outC_TAW12_71 into the cloud computing business," he said. "In the long run we will definitely benefit from it." SAP said the company currently sells its revenue from cloud computing software has been purchased more than traditional packaged software accounts for one-third of customers.
SAP executives explained that, due to the traditional packaged software sales revenue can be confirmed immediately, and cloud computing software sales revenue and long-term contracts over time and gradually recognized, so the company will cut its 2014 earnings forecast. SAP in a number of international clients, including Coca-Cola (Coca-Cola), McDonald's (McDonald's), Vodafone (Vodafone), etc. are turning to cloud computingC_TAW12_71 software, because this model does not require advance payment of substantial licensing fees for the software, do not install complex hardware and maintenance, and therefore in the fast changing market demands more flexible. SAp said the company now expects 2014 revenues of cloud computing will be between 1.04 to 1.07 billion euros, up from the previous estimate of between 1 billion euros to 1.05 billion euro zone.
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