SAP raises guidance as cloud transformation gathers pace

By on
SAP raises guidance as cloud transformation gathers pace

Reports a 41 percent jump in cloud revenues.

German software company SAP reported a 41% jump in cloud revenues in the third quarter as its business transformation gathers pace, enabling management to raise guidance for revenues and profits this year. However, its shares fell 3.5% in early Thursday trading, as traders expressed some ...

Hi! You've reached one of our premium articles. This is available exclusively to subscribers.

It's free to register, and only takes a few minutes.

Once you sign up you'll have unlimited access to the full catalogue of Australia's best business IT content, as well as a daily news bulletin delivered straight to your inbox.

Register now
Got a news tip for our journalists? Share it with us anonymously here.

Most Read Articles

You must be a registered member of iTnews to post a comment.
| Register

Log In

Username / Email:
  |  Forgot your password?