SAP SPENDS MORE, CLOUD BOOMS
- Friday, 23 October 2015
- News and Analysis
Not mentioned prominently in SAP's ebullient pronouncements about its cloud software was that the company increased spending by 22 percent for the third quarter ended September 30. But for the moment let's concentrate on the fact that after-tax earnings were about $988 for the most recently ended quarter, up 2 percent from a year earlier. Revenue was roughly $5.5 billion, up 17 percent—10 percent in constant currencies.
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