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SAP's Second-Quarter Results Show Company Still in Transition to Cloud

Business software maker SAP's (SAP) second-quarter results showed that the company is still in a transitional period as it expands into the cloud business.

In the second quarter, the Walldorf, Germany company saw year-on-year total revenue growth of 9% on a non-IFRS constant currency basis, to €5.24 billion from €4.97 billion. This included a 33% jump to €721 million in revenue from its cloud subscriptions and support business. The company also said that it added...