The logo of SAP is seen on their offices in Reston, Virginia, U.S., May 12, 2021. Picture taken May 12, 2021. REUTERS/Andrew Kelly
BERLIN (Reuters) -SAP said on Thursday that demand for its cloud business database was growing as the German business software group confirmed its preliminary third-quarter results and full year guidance which it raised last week.
The company had forecast cloud revenue to grow by 16%-19% in the year as a whole, helping its overall cloud and software revenue to increase by 2%-4%.
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