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SAP reports strong growth in cloud amid slow overall revenue growth
2014-04-17 19:30:11| InfoWorld: Top News
SAP reported a strong growth in cloud revenue and fast adoption of its HANA platform in the first quarter, while its software revenue dipped from the same quarter in the previous year. The business software company said Thursday its revenue grew 3 percent to 3.7 billion ($5 billion), while its cloud subscriptions and support revenue grew 60 percent to 219 million in the quarter under IFRS (International Financial Reporting Standards).
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Category:Information Technology