German business software group SAP on Thursday said fourth-quarter revenue from its cloud computing business jumped 28% as more customers shift their IT operations to its cloud business database.
Register now for FREE unlimited access to Reuters.comon Thursday said fourth-quarter revenue from its cloud computing business jumped 28% as more customers shift their IT operations to its cloud business database.
Cloud revenue climbed to 2.61 billion euros in the fourth quarter ended Dec. 31, the company reported in a preliminary earnings statement. SAP is targeting cloud revenue growth of up to 26% in 2022, helping its overall cloud and software revenue rise 4-6%, it said."More and more companies are choosing SAP to help them ... build resilient supply chains and become sustainable enterprises as they move to the cloud," Chief Executive Officer Christian Klein said in a statement.
The company saw a 6% year-on-year increase in total revenue for the quarter ended December to 7.98 billion euros, while adjusted earnings per share rose 10% to 1.86 euros.Separately, the company also announced a new 1 billion euro share repurchase programme, to be carried out in the period between Feb. 1 and Dec. 31, 2022.
Indonesia Berita Terbaru, Indonesia Berita utama
Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.
28-year-old man dies after shooting in OlneyPolice say a 28-year-old man had died after he was shot four times throughout the body in Olney early Thursday morning.
Baca lebih lajut »
Man, 28, charged after teen, young boy abducted in car stolen in Cragin, Chicago police sayChicago police said a man has been charged after a teen and toddler were abducted in a Cragin stolen car Saturday night.
Baca lebih lajut »
28 Ground Chicken Recipes for Easy, Flavorful DinnersWinning chicken dinners that don't require you to carve an unwieldy roasted bird.
Baca lebih lajut »
Rays Bullpen Catcher Jean Ramirez Dead At 28, Blake Snell MournsThe Tampa Bay Rays announced bullpen catcher Jean Ramirez died unexpectedly this week. He was just 28 years old.
Baca lebih lajut »
Tampa Bay Rays’ Jean Ramirez dies suddenly at age 28The Tampa Bay Rays announced that bullpen catcher Jean Ramirez died Monday, but did not release any further details.
Baca lebih lajut »