SAP incoming CFO says can reach cloud target without acquisitions
FRANKFURT (Reuters) - German business software maker SAP can realize its growth target for its Internet-based or so-called cloud business without acquisitions, the company's incoming financial chief said on Thursday.
SAP expects its total revenue to rise to at least 22 billion euros by 2017, of which 3-3.5 billion will come from the cloud business, compared with 787 million euros last year.
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