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SAP reports 28per cent jump in Q4 cloud revenue as more customers shift to cloud

German enterprise software program group SAP on Thursday reported a 28per cent revenue enhance in its cloud enterprise in the fourth quarter, as the expansion of its cloud enterprise database accelerated with more customers shifting their IT operations to the cloud.

SAP cloud revenue rose 28per cent to 2.61 billion euros (US$2.99 billion) in the fourth quarter ended Dec. 31, the corporate reported in a preliminary earnings assertion on Thursday.

(US$1 = 0.8731 euros)

(Reporting by Radhika Anilkumar in Bengaluru; Editing by Chris Reese)

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