SAP Co-CEO on Accelerating into the Cloud

McDermott_CNBC-Q3In an interview on Squawk Box on CNBC US, SAP Co-CEO Bill McDermott spoke about growth in software sales and the company’s powerful push into the cloud. He explained SAP’s “big picture” transition to become a business-to-business-to-consumer company, and clarified that revenue is up with cloud revenue in particular growing in triple digits. In the Americas, a third of SAP’s revenue now comes from the cloud, up from zero just three years ago. In Europe, SAP is doing well even in the economically troubled southern countries. Watch the interview here: