When SAP reported that its revenue from the first quarter of 2010 nearly doubled from the same time period in 2009, co-CEO Jim Haggeman Snabe reported that SAP plans to keep profits up by improving its SaaS offerings, according to Information Week. The primary SaaS offering the company plans is the Business ByDesign Suite, which has been pushed back for release to July.

The application will reportedly allow businesses to use all of the applications that SAP provides it with from anywhere with an internet connection. With more employees telecommuting and spending time on the road for business, the value of these features is immeasurable. The flexibility Business ByDesign is expected to offer companies from an IT standpoint has also created anticipation for the release. By outsourcing IT operations to the cloud, companies can eliminate some costs while maintaining capability.

Gartner reported earlier this month that SAP is the global market leader in enterprise management solutions with 22.4 percent of the market share. The company has signed several high-profile companies as partners in recent weeks and announced the acquisition of compliance software vendor TechniData.ADNFCR-2553-ID-19753395-ADNFCR