FILE PHOTO: The logo of German software group SAP is pictured at the headquarters of SAP (Schweiz) AG in Regensdorf, Switzerland January 22, 2021. Picture taken January 22, 2021. REUTERS/Arnd Wiegmann
BERLIN (Reuters) - German software group SAP on Tuesday nudged its outlook for 2021 revenue higher after reporting first-quarter results showing gains in cloud sales following the launch of a new business transformation initiative.
SAP said it now expected cloud and software revenue this year of 23.4-23.8 billion euros ($28-$28.4 billion) at constant currency, up by 100 million euros from prior guidance and a rise of 1%-2% year-on-year.
Already a subscriber? Log in.
Win a prize this Mother's Day by subscribing to our annual plan now! T&C applies.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
