SAP Posts 10% Rise In Q2 Profit, Lowers Revenue Outlook
SAP AG (NYSE: SAP) reported a 10% rise in its second-quarter net profit and lowered its revenue forecast.
SAP's quarterly net profit surged to EUR724 million, while revenue rose 4% to EUR4.06 billion.
Its software and cloud-subscription sales climbed 3% to EUR1.14 billion.
SAP shares closed at $76 yesterday.
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