SAP posts 16% jump in Q3 cloud business revenue ...Middle East

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SAP posts 16% jump in Q3 cloud business revenue
The logo of SAP is seen on their offices in Reston, Virginia, U.S., May 12, 2021. Picture taken May 12, 2021. REUTERS/Andrew Kelly Acquire Licensing Rights Oct 18 (Reuters) – Business software maker SAP’s (SAPG.DE) cloud business revenue rose by 16% in the third quarter on the back of its application services and HANA software, the company said on Wednesday. SAP’s cloud revenue stood at 3.47 billion euros ($3.66 billion) in the quarter, helped by growth of its combined software-as-a-service (SaaS) and platform-as-a-service (PaaS) portfolio, and its premium enterprise resource software platform, S/4 HANA. For the full year, the company reaffirmed its cloud revenue outlook in the ran

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