German SAP increased net profit by 8% in the second quarter

The net profit of German SAP, the world's largest producer of software for enterprise management, in the second quarter increased by 8% year-on-year to 719 million euros. Operating profit was 1 billion 40 million euros, increased by 13%. In the earnings period, the company increased its revenue by 4% year-on-year to 6 billion euros. A powerful impetus to growth in the cloud business allowed SAP to improve its earnings and earnings forecasts for 2018. In the second quarter, new orders for SAP cloud services grew by 29% to 421 million euros. The total revenue from subscriptions to cloud services and their support increased by 30% to 1 billion 210 million euros. The number of subscribers of the analytical database S/4 HANA grew by 41% in annual terms to 8 thousand 600 euros.

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