October 10, 2019 / 10:31 PM / 12 days ago

SAP ups cloud game in 3rd quarter, confirms guidance

BERLIN, Oct 11 (Reuters) - Business software company SAP pre-released a strong set of third-quarter results early on Friday, lifted by a major cloud-computing deal, and reaffirmed its guidance for double-digit growth this year.

Growth in new cloud bookings more than doubled in the third quarter to 38%, lifted by the three-year deal with an unnamed partner, the Walldorf, Germany-based company said. Margins also expanded. (Reporting by Douglas Busvine Editing by Leslie Adler)

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