SAP Posts 10% Rise In Q2 Profit, Lowers Revenue Outlook

SAP AG

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.