Stories by John Ribeiro and Chris Kanaracus

SAP Q3 profits soar on reduction of TomorrowNow damages

SAP reported on Wednesday a 14 percent increase in revenue in the third quarter ended September 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.