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Newsbyte: SAP Releases Survey Data Reaffirming Rapid Market Changes In Telecommunications Industry

Stocks in this article: SAP

Responses also show that while 70 percent feel that the ability to manage Big Data is important to their company, 40 percent do not have a Big Data strategy. And 31 percent of respondents said that the lack of IT skills or insufficient data quality was their biggest challenge to sufficiently capitalizing on Big Data opportunities while 28 percent listed insufficient funding or proof of ROI as their biggest obstacle. Among cloud services, critical enterprise apps, managed mobility and managed-cloud-as-a-service (MCaaS) were rated as the most valuable services, and 79 percent of respondents listed themselves as planning or executing some cloud services solutions.

In his new role, Stevens will be responsible for overseeing the end-to-end portfolio of SAP® solutions, applications and services tailored to meet the needs of the telecommunications industry worldwide. He will lead a team dedicated to delivering solutions that help CSPs and other industry players achieve accelerated growth and business model innovation. Previously, Stevens served as senior vice president and head of Global Sales for SAP Mobile Services, responsible for the continued profitable growth of global messaging revenues across the telecommunications community and other market verticals. As the commercial lead, he drove the overall go-to-market plan, overseeing targeted M&A activity to help augment overall offerings and successfully changed the strategic direction of the business unit to match the market's evolving needs. Stevens has held numerous leadership roles in the enterprise mobility and services industry, including serving on the executive team for Sybase 365, which was acquired by SAP in 2010. He previously ran the global sales teams for ADC Metrica and First Hop, where he raised venture capital finance and led the company's M&A activity.

For more information, visit the SAP for Telecommunications page on sap.com and the SAP Newsroom. Follow SAP on Twitter at @sapnews and @SAP_Telco.

Media Contact: Kate McNeel, +1 (484) 624 2256, k.mcneel@sap.com, CST

Any statements contained in this document that are not historical facts are forward-looking statements as defined in the U.S. Private Securities Litigation Reform Act of 1995. Words such as "anticipate," "believe," "estimate," "expect," "forecast," "intend," "may," "plan," "project," "predict," "should" and "will" and similar expressions as they relate to SAP are intended to identify such forward-looking statements. SAP undertakes no obligation to publicly update or revise any forward-looking statements. All forward-looking statements are subject to various risks and uncertainties that could cause actual results to differ materially from expectations. The factors that could affect SAP's future financial results are discussed more fully in SAP's filings with the U.S. Securities and Exchange Commission ("SEC"), including SAP's most recent Annual Report on Form 20-F filed with the SEC. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of their dates.

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