SAP Q4 Preliminary Earnings: Top-Line Surges Across The Board; S/4HANA Adoption Picked Pace

The company continued its trend of announcing preliminary results ahead of the detailed earnings, which are due on January 22nd for the fourth quarter. Momentum in cloud bookings continued at a slowing pace with 75% year on year growth in the fourth quarter, compared to 102% in the previous quarter. More importantly, SAP witnessed a significant surge in acquisition of new customers for S/4HANA at the year end, doubling its number of customers quarter on quarter to reach over 2,700. This should p...