SAP software enjoyed a revenue growth of 26 percent in its second quarter with an increase to €1.06 billion (£837 million).

SAP also announced that software related services saw an increase of 21 percent with overall profits rising by nearly 1 billion Euros.

CEOs Bill McDermott and Jim Hagemann Snabe said in a statement: "Our record performance speaks for itself. We delivered double-digit growth in all regions driven by strong momentum from the core as well as SAP HANA, mobile and the cloud".