SAP's finances show it is growing into the cloud era

Mr Bueno's comments stack up with those of MyWave co-founder Geraldine McBride, who is a former president and chief executive of SAP in North America.

She founded her company in the belief that "the last mile of railroad track", the customer experience, had not yet been solved by SAP, Oracle or Salesforce.

"A lot of my vision for MyWave was partly about what I thought SAP should think about doing next," she told The Australian Financial Review.