© Reuters. FILE PHOTO: The logo of German software group SAP is pictured at the headquarters of SAP (Schweiz) AG in Regensdorf, Switzerland January 22, 2021. REUTERS/Arnd Wiegmann
(Reuters) – Business software maker SAP reported first-quarter revenue growth of 10% on Friday, beating expectations, boosted by its cloud business.
The German firm’s IFRS operating profit fell 45%, reaching 803 million euros ($879.93 million) by the end of March, while group revenue was at 7.4 billion euros.
($1 = 0.9126 euros)