๐ฆ๐๐ฃ ๐ฟ๐ฒ๐ฝ๐ผ๐ฟ๐๐ ๐ฎ ๐ฎ๐ด% ๐ท๐๐บ๐ฝ ๐ถ๐ป ๐ค๐ฐ ๐ฐ๐น๐ผ๐๐ฑ ๐ฟ๐ฒ๐๐ฒ๐ป๐๐ฒ ๐ฎ๐ ๐บ๐ผ๐ฟ๐ฒ ๐ฐ๐๐๐๐ผ๐บ๐ฒ๐ฟ๐ ๐๐ต๐ถ๐ณ๐ ๐๐ผ ๐ฐ๐น๐ผ๐๐ฑ
On Thursday, German business software group $SAP (SAP SE ADR) ( $SAP.DE (SAP SE) ) reported a 28% revenue increase in its cloud business in the fourth quarter, as the growth of its cloud business database accelerated with more customers shifting their IT operations to the cloud.
SAP cloud revenue rose 28% to 2.61 billion euros ($2.99 billion) in the fourth quarter ended Dec. 31, the company reported in a preliminary earnings statement on Thursday.
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Source: whbl.com/2022/01/13/sap-reports-28-jump-in-q4-cloud-revenue-as-more-customers-shift-to-cloud/
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