SAP’s first quarter 2014 figures, released last week, revealed that while the tech giant’s cloud subscription numbers were going up, its software revenues continue to stall.

This will come as no surprise to those who have been following events with the German firm, who indirectly prophesised this outcome back in January with the Q413 numbers sheet.

At the time, SAP said in a statement that the ‘fast-growing cloud business along with growth in support revenue will drive a higher proportion of more predictable, recurring revenue in the future.’

As CloudTech reported, SAP VP cloud strategy Sven Denecken noted that the goal was to provide customers with “the right mix” between mobile, cloud and on-premise.

The numbers published last week reflect this. Revenue for cloud subscriptions and support went up to €219m, up 60% from Q113’s €137m (£112.8m). On-prem software revenues went down 5% to €623m (£513 …