Cloud business significantly drives revenues for SAP

The German software group saw growth across all regions in Q3

Kelsey Rees
clock • 2 min read
Cloud business significantly drives revenues for SAP

Software solutions specialist SAP has logged a rise in revenues for the third quarter of 2021 owing to its successful cloud business. Total revenues were up five per cent to €6.8bn for the quarter, while operating profit fell 15 per cent to €1.2bn from €1.4bn in the same period last year. "This has been an excellent quarter across all key financial metrics. We are seeing sustained, strong progress in SAP's transformation," said SAP CFO, Luka Mucic. "Our cloud business is growing at an accelerating...

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