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SAP raises 2014 revenue outlook for cloud services

17
Jul
2014

By Harro Ten Wolde FRANKFURT (Reuters) – German business software maker SAP raised its 2014 outlook for its web-based software services as its customers switch to these so-called cloud-based products more quickly than expected to save money. The company now expects revenue from cloud subscriptions and support revenue to come in at between 1 billion euros ($1.35 billion) and 1.05 billion at constant currencies this year, up from a previous outlook for 950 million to 1 billion euros.

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