(Reuters) – SAP, a business software maker, announced a 5% increase in revenue for the second quarter, meeting market expectations. The growth was driven by its core cloud business.
The company adjusted its cloud revenue outlook for the full year to a range of 14.0-14.2 billion euros ($15.59-$15.81 billion), slightly lower than the previous range of 14.0-14.4 billion. However, it raised its forecast for non-IFRS operating profit to a range of 8.65-8.95 billion euros, compared to the previous range of 8.6-8.9 billion.
($1 = 0.8980 euros)
Reporting by Anna Mackenzie and Andrey Sychev, Editing by Kirsti Knolle
Credit: The Star : Tech Feed
