IT - Technology

Germany's SAP tops cloud demand forecasts, holds yearly operating profit outlook

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Europe's largest tech company SAP on ​Wednesday reported a 26% ‌rise in current cloud backlog at constant ​currencies to €24.14 billion ($27.11 ​billion), ahead of the ⁠24-25% growth UBS had ​forecast, and said ​full-year cloud and cloud and software revenue would come ​in at the ​upper end of its outlook ‌ranges.

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