SAP posts strong results but slow take up for Business ByDesign SaaS

SAP reported double-digit revenue growth for the first quarter of 2008, with healthy contributions from all three ‘pillars’ of its business – its core enterprise applications business, its mid-market portfolio and its business user solutions group.

But the vendor acknowledged that its new Software-as-a-Service (SaaS) offering, Business ByDesign, has not met early expectations and will take 12-18 months longer than planned to meet its 2010 goals of 10,000 customers and $1bn in revenues.

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