UPDATE 2-Faster "cloud" orders for SAP hurt 2014 profit outlook
* Sees 5.6-5.8 billion euro operating profit in 2014
* Previous forecast was 5.8-6.0 billion for full year
* Q3 operating profit slightly below expectations
* SAP shares drop 4.2 percent, analysts worry about margins (Adds background, updates shares, analyst comment)
By Harro Ten Wolde and Eric Auchard
FRANKFURT, Oct 20 (Reuters) - German software maker SAP cut its 2014 operating profit forecast on Monday as customers shifted faster than expected to products delivered over the Internet, delaying when those orders can be booked as sales.
Company executives said the accelerating switch from packaged software to so-called "cloud" software would shave about 200 million euros off a previous profit forecast, but that cloud contracts would bolster sales and profit in the future.
The corporate software industry is undergoing a rapid shift from packaged software which customers run on their computer systems to software run over the Internet in remote datacenters, making data easier to manage, analyse and use on mobile phones.
SAP said it now expects 2014 operating profit, excluding some special items, of 5.6 billion to 5.8 billion euros ($7.1-$7.4 billion), down from 5.8-6.0 billion euros previously. Continuación...