The bulk of that, however, will come from cloud and software revenues, which SAP sees rising by between 8.5% and 10% to as high as €22.7 billion. "In 2018, SAP hit or exceeded all guidance metrics even after multiple raises," said CEO Bill McDermott. "With Qualtrics joining SAP, we are now poised to revolutionize the business software industry with Experience Management. With a consistent track record of unprecedented growth behind us, we are leading our stakeholders forward to bridge the experience gap." SAP shares were marked 2.65% lower by mid-day in Frankfurt, compared to a 0.21% gain for the benchmark DAX performance index, and changing hands at €89.91 each. The move extends the stock's three-month decline to around 3% and gives Europe's most valuable tech company a market cap of around €108 billion.