SAP reports cloud-driven higher revenue, confirms annual profit and sales outlook

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SAP reports cloud-driven higher revenue, confirms annual profit and sales outlook
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SAP confirms profit and sales outlook as cloud business boosts revenue

SAP SE, the German business software company, confirmed its profit and sales outlook for the year after posting higher third-quarter revenue led by growth at its cloud business.

Analysts polled by FactSet had forecast overall revenue of EUR7.65 billion, and cloud revenue of EUR3.19 billion.

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