SAP has reported a strong quarter in cloud and adoption of its in-memory platform HANA for its 2014 Q1, with CEO Bill McDermott calling HANA "the bedrock" and "soul" of a firm that is now "a cloud company powered by HANA".

Speaking on its earnings call today, SAP reported revenue of $5.12bn in the first quarter - a 3 per cent rise in comparison to 2013. McDermott said that EMEA had seen a particularly strong quarter "despite Crimea" and the general strong state of the currency.