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SAP debating faster move to cloud, impacting 2015 target

Logo of German company SAP is pictured at the CeBit computer fair in Hanover, March, 6, 2012. The biggest fair of its kind will run to March
Logo of German company SAP is pictured at the CeBit computer fair in Hanover, March, 6, 2012. The biggest fair of its kind will run to March

BARCELONA (Reuters) - Enterprise software group SAP said it was debating whether to accelerate moving more of its business to the cloud, a change in strategy that could have a small impact on its target of growing sales to more than 20 billion euros.

But co-chief executive Jim Hagemann-Snabe said the change would generate more sales by 2017.

"We have a situation now where we see the move to the cloud particularly in certain markets like North America happening even faster, and this is a great opportunity for us to revisit whether we should accelerate the move to the cloud," he said at a Morgan Stanley investor conference on Friday.

"This would have impact on the 2015 level, I don't expect enormous impact but it would have some impact because you are delaying some revenues. However in a 17 time frame you would have more than that back, so I think it would be the right thing for the company if we had the opportunity."

(Reporting by Paul Sandle; editing by Kate Holton)

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