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SAP Counting on Revamped Cloud Strategy to Boost Company

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    SAP Co-CEO Jim Hagemann Snabe on the company's strategy change.

  • Duration 4:00
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-- -- -- Take the company to the next level.

Live from the -- -- -- business technology.

Let up Florida Jim Putnam is not but it's -- peek hello CEO Jim it's good to have you on the show.

-- let's talk about what you are unveiling this think it is a big strategy change for SAP this is mobile computing.

For your customers what's the reception been in Orlando today.

It's been very exciting this is at very large event we had more than 151000 people here in Orlando and even on line.

And we re really off innovation based strategy to move visits often to -- devices.

Rapidly into secure clouds and a cause flagship innovation.

Around in memory computing allowing companies to analyze extremes amounts of data in real time so the customers I excited.

And we're trying to find them the road maps to get that value to them fast them.

What -- you need to plant throughput for billion dollar acquisition of success factors I was just two years ago.

The analyst community having a little concerned within the last year the cloud computing was a little too expensive the payout wasn't there.

Do you -- -- -- -- substantially higher -- percentage basis over the next year with these new mobile -- yourself.

Yes we do see that the new categories will drive a lot of innovation and -- that them value for the -- the -- The cloud in fact this is seen now we've put -- success factors into the SAV family in Q1.

And -- that they were before the acquisition the fastest growing club business in the market.

Enough they accelerated that pays for many pessimists are finally getting what they want.

The benefits of the cloud from the trusted company where they already have most of this offer from the safety.

-- -- you don't look your stock is up 18%.

Year to -- right now ninth consecutive quarter profit growth I do wanna ask you.

Kind of what you see in the future a couple of things that the company's gonna be changing in particular is going to be how you handle the European situation your base in Germany him as you know.

How are you gonna handle what could be a potential recession in Europe.

Well we're actually lived with -- a certain level of uncertainty in Europe -- more than a year.

And we've seen that in uncertain times companies.

And need to make strategic investments to make sure they can manage their business law accurately and -- real time.

And so companies actually to have still a lot of cash and also in Europe.

We grew on -- us the last and nine quarters double digits in Europe and we see tremendous opportunity -- -- so -- not.

That's concerned about the Euro and as such because we think we can be an answer to the uncertainty -- many companies.

We'll talk about US customers you had a couple big names over in the first quarter yet BJ's wholesale you -- them Nutrisystem.

Boston Scientific look cutting deals you have working in the Americas right now -- -- we see him also in the US often US is the first move up.

On new technologies that we've seen how.

The mole -- is picking up rapidly via a cloud computing is basically.

Coming as a way in the US before anywhere else.

And in particular this idea having memory computing -- real time analytics is also very very hard in the US so.

As we move ahead we'll be seeing.

More interest from us companies.

But also the small ones in the US who all global companies at the same size and complexity of that last companies.

I want the trusted partner to help them grow their business -- over the.

Well as 75% ES and 500.

Touches us -- -- some -- subway share performance always good to have you.

On Fox Business dot get out of this not but -- co CEO Jim they can't.

Thank you.

Well.

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