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Update: SAP sees cloud revenue soar, software sales drop in Q2

2014-07-17 14:06:25| InfoWorld: Top News

SAP reported strong growth in cloud revenue in the second quarter, while its software revenue continued to fall, reflecting a shift in the market from on-premises software and services to applications delivered through the cloud on a subscription model. The business software company's net profit, however, dropped on account of a provision for a patent litigation.

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