Cloud-computing boosts German software giant SAP
January 10, 2014
Grazed from SAP. Author: PR Announcement.
German software giant SAP said today that cloud-computing boosted sales and earnings in the fourth quarter of 2013 and the year as a whole. Cloud computing is a term used to cover many functions of external and shared resources to provide computer services such as the distant storage of information.
According to preliminary figures, SAP’s underlying or operating profit rose by 10 per cent to $4.47 billion (RM19.8 billion) in the whole of 2013 and revenues advanced by 4 per cent to $16.81 billion. In the fourth quarter alone, operating profit was up 13 per cent at $1.8 billion and sales grew by 2 per cent to $5.1 billion. The software giant said it would publish more details of the earnings figures on January 21.