Skip to content
Subscriber Only

SAP’s CEO Says Sales Weakness Is Evidence of Cloud Transition

Video player cover image
SAP CEO: Pandemic an Inflection Point as Customers Move to Cloud

SAP SE Chief Executive Officer Christian Klein sought to put a positive spin on his company’s slowing revenue growth, saying more clients are transitioning to cloud-computing products, after the German software giant lost a third of its value on a forecast that alarmed investors.

“Covid-19 is an inflection point for our customers,” Klein said Monday in a Bloomberg Television interview. “They had a big ask: they want to accelerate the move to the cloud. This is what we are now doing. We are following the needs of our customers.”