𝗦𝗔𝗣 𝗿𝗲𝗽𝗼𝗿𝘁𝘀 𝗮 𝟮𝟴% 𝗷𝘂𝗺𝗽 𝗶𝗻 𝗤𝟰 𝗰𝗹𝗼𝘂𝗱 𝗿𝗲𝘃𝗲𝗻𝘂𝗲 𝗮𝘀 𝗺𝗼𝗿𝗲 𝗰𝘂𝘀𝘁𝗼𝗺𝗲𝗿𝘀 𝘀𝗵𝗶𝗳𝘁 𝘁𝗼 𝗰𝗹𝗼𝘂𝗱
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.
$SAP is part of eToro’s @CloudComputing Smart Portfolio. The CloudComputing Smart Portfolio is designed to help long-term investors capitalise on the growth which the industry is experiencing.
@CloudComputing is part of eToro's Smart Portfolios series, covering innovative themes, and is now available at a $500 minimum investment.
Your capital is at risk. Past performance is not an indication of future results.
... Show More