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Reuters: SAP reports revenue growth of 5% in Q2, lowers cloud revenue forecast

Reuters
Written by
Reuters
Published Jul 21, 2023

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Business software maker SAP reported second-quarter revenue growth of 5% on Thursday, in line with market expectations, boosted by its core cloud business.

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For the full year, it lowered its cloud revenue outlook to 14.0-14.2 billion euros ($15.59-$15.81 billion) from 14.0-14.4 billion, and slightly lifted its forecast for its non-IFRS operating profit to 8.65-8.95 billion euros from 8.6-8.9 billion.

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