(Bloomberg) -- SAP AG, the biggest maker of business-management software, reported third-quarter software license revenue that beat analyst estimates and boosted a sales forecast. The stock rose the most in more than three months.

Sales of new software licenses, an indicator of future revenue, rose 12 percent to 1.03 billion euros ($1.3 billion) excluding currency swings, the Walldorf, Germany-based company said in a statement today. That compares with the 980 million- euro average estimate in a Bloomberg survey of analysts.

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