SAP boosts its revenues

Profit forecasts for next year also tops previous years

Revenue in 2015 by comparison was €20.8 billion and operating profit was €6.35 billion

German multinational software giant SAP predicts sales for next year that tops its previous forecast as it moves more customers to a new version of its business software suite and adds revenue from cloud-computing products.

Sales will increase to €23 billion to €23.5 billion euros in 2017 and operating profit adjusted for some items will be €6.7 billion euros to €7 billion euros, SAP said in a statement. That’s higher than the forecast ...