< 1 min read

SAP Q3 profits soar on reduction of TomorrowNow provision

The company saw revenue grow by 14 per cent in the quarter

SAP reported Wednesday a 14 percent increase in revenue in the third quarter ended Sept. 30, and said its business pipeline continues to remain very strong and companies continue to invest in IT. The business software vendor did not however revise its outlook for the full year 2011, citing the ongoing uncertain macroeconomic environment.

Total revenue in accordance with International Financial Reporting Standards (IFRS) was