SAP sees lower margins for years to come as cloud transition bites

January 20, 2015 publisher citywest, cloud, dublin, europe, higher-margins, industry-race, its-offices, key-profit, margins, sap, seen-at-its, stepped-up-push, until-at-least, via-cloud-based

By Harro Ten Wolde WALLDORF, Germany (Reuters) – Europe's largest software group SAP SE has cut key profit forecasts and abandoned a target for higher margins, saying its stepped-up push to deliver products via the cloud would dampen profitability until at least 2018.

See the rest here:
SAP sees lower margins for years to come as cloud transition bites