back to article SAP profits dented despite cloud expansion

SAP has reported a drop in net profits for its most recent quarter and for 2015 despite an accelerating cloud business. Europe’s largest software firm saw net profit down two per cent to 1.2bn euro ($1.3bn) despite a growth in revenue of 16 per cent to 6.3bn ($6.8bn) euro. SAP was reporting for the period to December 31. As …

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