Software giant SAP reports quarterly profit rise in clouds

BERLIN: German business software giant SAP said on Monday that net profit rose in the third quarter as its cloud computing activities grew, enabling it to confirm its annual forecast.Quarterly net profit rose to 762 million euros ($1.04 billion), up 23 percent from a year earlier at SAP, a leader in supplying software systems for industrial sites and business.

Copyright AFP (Agence France-Presse), 2013

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