Skip to content
Subscriber Only

SAP Relieves Investors as New Products Help Boost Profit

SAP AG, the biggest maker of business-management software, reported higher earnings on rising cloud and database revenue, alleviating investor concerns that stiffer competition is hurting profitability.

Third-quarter operating profit adjusted for some items rose 5 percent to 1.3 billion euros ($1.8 billion), also helped by lower costs, Walldorf, Germany-based SAP said today. The company kept its full-year forecasts when excluding currency swings, sending its stock up 4.8 percent, the most in more than three years.