SAP Reports Strong Cloud, HANA Revenue Growth In Q1

Riding growing sales of its cloud services and HANA in-memory computing platform, software giant SAP reported moderate revenue growth in its fiscal first quarter.

And SAP's channel partners are generating an increasing volume of those sales, CEO Bill McDermott said in a conference call Thursday. "Another way we're driving pervasive adoption of HANA and the cloud is through our vibrant [partner] ecosystem," he said on the call.

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