With the planned job cuts, SAP joins other big tech companies including Microsoft<\/a> and Amazon<\/a> in turning to layoffs to cut costs.
SAP reported a 30% revenue increase in its cloud business in the fourth quarter, helped by strong demand for its HANA software<\/a>.
Analysts are worried that the lucrative cloud segment for big tech companies could be hit hard as customers look to cut spending.
SAP's operating profit grew 17% in the three months through December to 1.71 billion euros ($1.87 billion) on group revenue of 8.44 billion euros, it said. ($1 = 0.9159 euros) (Reporting by Kirsti Knolle Editing by Paul Carrel and Miranda Murray)
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