SAP reports 10% revenue growth in Q1

SAP recorded group revenue of 7.4 billion euros.

Business software maker SAP on Friday reported 10% revenue growth in the first quarter, beating expectations, boosting its cloud business.

The German firm’s IFRS operating profit fell 45% to 803 million euros ($879.93 million) at the end of March, while group revenue stood at 7.4 billion euros.

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