s first billion dollar deal in nearly four years kalidas provides cloud based service software services for marketing sales this comes as cloud services proved to be the bright spot in s.a.p.'s annual results which came in at the low end of market expectations due to falling sales in the company's licensing business. so let's get the word from frankfurt on this with our markets man daniel cope daniel a big acquisition fast a.p. big approval from investors as well. well actually investors are telling me that it was actually time finally to realize that the cloud business is really the future many have been criticizing s.a.p in the past that they were too slow pretty much realizing all of this because of this mostly the profit margin in the last a year it was down actually went down to a level of just twenty eight point five percent now it's a p. also releasing new numbers today now saying that their profit margin is at a level of about thirty five percent but investors still not satisfied already in early trading shares of s a p were down here at the blue chip index next very interesting

software maker says its future is in the clouds germany's s a p announced its buying california based kalidas software for two point four billion dollars set to be seps first billion dollar deal in nearly four years kallis provides cloud based software services for marketing and sales this comes as cloud services proved to be a bright spot in s.a.p.'s annual results which came in at the low end of market expectations due to falling sales in the company's licensing business. now let's get the market reaction from frankford with our correspondent daniel called daniel is said to be s.a.p.'s first billion dollar deal in years how's that going down with people on the fighting for. well actually here on the trading floor investors are appreciating this for a long time and say p. that's what was that's what i'm hearing was a little bit too slow to realize that the future is really in this cloud based software and not anymore on the software that is installed on your computer in the last year as a p was investing already a lot of money because of that their profit margin was down went actually down t

s first billion dollar deal in nearly four years kalidas provides cloud based software services for marketing and sales now this comes as cloud services proved to be the bright spot in s.a.p.'s annual results which came in at the low end of market expectations due to falling sales in the company's licensing business. now let's get the market reaction from frankford with our correspondent daniel called daniel is said to be a peace first billion dollar deal in years how's that going down with people on the trading floor. well actually here on the trading floor investors are appreciating this for a long time and say p. that's what was that's what i'm hearing was a little bit too slow to realize that the future is really in this cloud based software and not anymore on the software that is installed on your computer in the last year as a p was investing already a lot of money because of that their profit margin was down went actually down to a level of just twenty eight percent now new numbers of s.a.p.'s were released today announcing that the profit margin is expected to be at a level of thirty