SAP reported a 6-percent rise in after-tax profit on a 2-percent increase in revenue for the second quarter ended June 30. That was driven by a 21-percent increase in cloud revenue.

Blackbaud has introduced new pricing and financing offers because of the COVID-19 pandemic. That information was part of the discussion on the webcasts for the results of the second quarter ended June 30 for the nonprofit software company.

Vertex has priced its initial public offering at $19 per share, topping the $14-to-$16 per share estimates from earlier this month. Shares started trading this week on the Nasdaq Global Market and were trading at $24 per share as this report was written.