Tuesday, April 25, 2017

SAP Q1 Profit Drops, Revenues Climb; Backs FY17 Outlook

German business software maker SAP AG on Tuesday reported lower profit in its first-quarter mainly due to higher expenses, despite higher revenues. Further, the company reiterated its outlook for fiscal year 2017. Luka Mucic, CFO, said, "We're off to a good start to reach our full year targets and we are confident that we will grow our profitability in 2018 and beyond."

from RTT - Earnings http://ift.tt/2oqrNi9
via IFTTT

No comments:

Post a Comment