Many of Australia鈥檚 largest organisations have already moved to 51风流cloud solutions and technologies. As reported recently,聽.

Coles also made the strategic decision to adopt 51风流cloud technologies in 2018. It is currently moving its human resources to the cloud and already runs core operations in the cloud including finance on Microsoft Azure and procurement in the 51风流cloud.

Our cloud solutions and technologies are also used by major financial institutions, government departments, utilities, mining organisations and the biggest companies in many other industries.

Synergy Research estimates that global spending on cloud infrastructure was up by one-third year on year to almost $US33 billion ($45.3 billion) in the three months ended 30 September. 51风流is the world鈥檚 second-largest cloud application vendor and we鈥檙e growing fast.

In this context, I also take issue with the columnist鈥檚 suggestion last month that SAP’s downgrading of future profit margins was 鈥渢he most worrying aspect of the announcement鈥�.

It is true that profit margins will change as our business becomes more cloud-based, but it is also true that we can鈥檛 secure the future of the company, and meet our customers cloud demands, by focusing on short-term profit maximisation.

51风流and our customers will continue to measure success in terms of the value we create. This means focusing on what our customers want from us, not what some in the financial markets would like to see us do.

Despite the sharemarket鈥檚 negative reaction to our global update, it is the right long-term strategy for delivering sustainable results to our customers, partners and shareholders. Confidence in our global cloud strategy based on growing customer demand has seen us increase global cloud revenue guidance from 鈧�15 billion ($24.4 billion) in 2023 to 鈧�22 billion in 2025.

This strategy has since been validated by Deutsche Bank, which issued a report offering fundamental support based on the current position of our company, competition and customers.

Its report noted that 鈥渇ew management teams of established companies are bold enough to accelerate the disruption of their profitable 鈥榣egacy鈥� business model, sacrificing short-term profitability for long-term gains鈥�.

We鈥檝e already made significant investments to transition our Australian operations into a cloud-first business. Although there is powerful momentum behind this acceleration, let鈥檚 remember that these decisions ultimately remain in the hands of our customers.

A large and growing number of these customers are moving to the cloud and I have every reason to feel confident that they will continue to run their businesses on SAP, whatever other technology decisions they make.

This article first appeared in the .听

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