October 10, 2019 / 10:36 PM / 2 months ago

SAP ups cloud game in third quarter, confirms guidance

FILE PHOTO: SAP logo is seen at SAP company offices in Woodmead, Johannesburg, South Africa, March 26, 2018. REUTERS/Siphiwe Sibeko

BERLIN (Reuters) - Business software company SAP (SAPG.DE) pre-released a strong set of third-quarter results early on Friday, lifted by a major cloud-computing deal, and reaffirmed its guidance for double-digit growth this year.

Growth in new cloud bookings more than doubled in the third quarter to 38%, lifted by the three-year deal with an unnamed partner, the Walldorf, Germany-based company said. Margins also expanded.

Reporting by Douglas Busvine; Editing by Leslie Adler

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