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SAP Net Profit Jumps Nearly 40% on Cloud-Software Strategy

The logo of software major SAP can be seen at the company's headquarters in Walldorf,Germany,...

FRANKFURT—German business software provider SAP SE SAP 1.63 % reported a 38% jump in net profit for the first quarter of 2016, indicating the company’s focus on Internet-based cloud software is starting to deliver results.

Net profit for the period ended March 31 was 572 million euros...