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SAP Warns of 'Extended Approvals' for Customer Spending
WALLDORF, GERMANY, JUL 22 – SAP's cloud revenue grew 24% excluding currency effects but missed estimates due to tariff uncertainties and a 3.5 percentage point drag from currency fluctuations, analysts said.
Summary by The Register
10 Articles
10 Articles
The German tech group SAP increased sales and earnings in the first half of the year. Nevertheless, investors dropped the share. These are the reasons for this.
·Vienna, Austria
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The German software giant SAP reports impressive sales growth, but falls short of expectations. However, the company shows strength in the cloud business. But not all analysts are convinced, and the share reacts accordingly with losses.
Although SAP can convince sales and profits, expectations of cloud growth dampen euphoria. The post SAP quarterly figures: Headline figures are good – but cloud growth does not convince us of appeared first on financial marketwelt.de.
Coverage Details
Total News Sources10
Leaning Left1Leaning Right1Center2Last UpdatedBias Distribution50% Center
Bias Distribution
- 50% of the sources are Center
50% Center
L 25%
C 50%
R 25%
Factuality
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