SAP's cloud business flying high in China

German software company SAP SE saw triple-digit growth in its China cloud business in the second quarter of the year, as it taps into the country's e-commerce boom and local manufacturing enterprises' intensified efforts to embrace digital transformation.


The company announced on Thursday that it had double-digit growth in its software and software-related service for the third quarter in a row, defying the country's economic slowdown.


Mark Gibbs, president of SAP Greater China, said the company will maintain a strong momentum as the world's second-largest economy beefs up resources to drive innovation-led growth and high-end manufacturing.


"With more functions moving to the cloud, enterprises will accelerate their adoption of cloud services, which will become a bigger part of our business here," he said, declining to offer detailed financial figures.


As of June, more than 300 Chinese corporate customers are using S/4 HANA, the company's in-memory computing platform that can offer real-time data analysis.


The article transsshipment from China Daily