for-phone-onlyfor-tablet-portrait-upfor-tablet-landscape-upfor-desktop-upfor-wide-desktop-up

SAP lifts outlook as cloud push gains traction in Q2

BERLIN, July 21 (Reuters) - German business software group SAP raised its outlook for the second time this year as a strategic push to help customers shift their IT operations to the cloud gained traction in the second quarter.

SAP now expects cloud revenue to grow by 15%-18% in the year as a whole, helping its overall cloud and software revenue to gain by 2%-3%. Operating profit is now expected to be unchanged to down 4% for the year.

“We’re seeing strong adoption of our cloud portfolio as customers select SAP for their business transformation. Our strategy is working,” CEO Christian Klein said on Wednesday. ($1 = 0.8495 euros) (Reporting by Douglas Busvine Editing by Riham Alkousaa)

for-phone-onlyfor-tablet-portrait-upfor-tablet-landscape-upfor-desktop-upfor-wide-desktop-up