SAP will struggle to walk, chew gum at same time LiamWardProud
SAP said on July 8 that its revenue in the second quarter of 2020 was 6.7 billion euros, up 1% year-on-year excluding the effects of currency fluctuations. The median analyst forecast gathered by Refinitiv expected revenue of less than 6.6 billion euros.
The German software group’s operating profit – excluding share-based payments, currency movements and other smaller adjustments – rose by 7% year-on-year to 2 billion euros, compared with a median analyst forecast of less than 1.8 billion euros.
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