November 22, 2013 / 8:34 AM / 4 years ago

SAP debating faster move to cloud, impacting 2015 target

BARCELONA (Reuters) - Enterprise software group SAP said it was debating whether to accelerate moving more of its business to the cloud, a change in strategy that could have a small impact on its target of growing sales to more than 20 billion euros.

But co-chief executive Jim Hagemann-Snabe said the change would generate more sales by 2017.

“We have a situation now where we see the move to the cloud particularly in certain markets like North America happening even faster, and this is a great opportunity for us to revisit whether we should accelerate the move to the cloud,” he said at a Morgan Stanley investor conference on Friday.

“This would have impact on the 2015 level, I don’t expect enormous impact but it would have some impact because you are delaying some revenues. However in a 17 time frame you would have more than that back, so I think it would be the right thing for the company if we had the opportunity.”

Reporting by Paul Sandle; editing by Kate Holton

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