Reported about 14 hours ago
German software company SAP reported a 12% rise in third-quarter profit, driven by strong demand for its cloud services. However, the company fell short of revenue expectations, leading to a 3% drop in its U.S.-listed shares. Third-quarter revenue increased by 7% to 9.08 billion euros, while cloud revenue growth slowed to 22%. SAP forecasts its cloud revenue for the full year at the lower end of expectations.
Source: YAHOO