The logo of SAP is seen on their offices in Reston, Virginia, U.S., May 12, 2021.
REUTERS/Andrew Kelly Acquire Licensing RightsOct 18 (Reuters) - Business software maker SAP's (SAPG.DE) cloud business revenue rose by 16% in the third quarter on the back of its application services and HANA software, the company said on Wednesday.
For the full year, the company reaffirmed its cloud revenue outlook in the range of 14 billion-14.2 billion euros.
"Our Q3 results demonstrate strong execution and the resilience of our business, including sustained cloud growth in spite of persisting macro headwinds," finance chief Dominik Asam said.
U.S.-listed shares of the German software maker were up 2.9% after the bell.
Persons:
Andrew Kelly, Dominik Asam, Kanjyik Ghosh, Shailesh
Organizations:
SAP, REUTERS, Thomson
Locations:
Reston , Virginia, U.S, Bengaluru