SAP who are the largest manufacturer of business-management software, have reported higher earnings on rising cloud and database revenue.
Reports are showing that SAP’s expansion into cloud-based programs is starting to offset slowing demand for older applications.
SAP witnessed a massive 203% jump in the number of cloud subscribers and support sales in Q3 – as SAP became the 2nd largest enterprise cloud provider.
This positive news is working to alleviate investor fears that stiff competition was hurting profitability.
