Thursday, July 20, 2017

SAP Q2 Profit Dips, Revenues Rise; Lifts FY17 View; Plans EUR 500 Mln Buy Back

German business software maker SAP AG reported Thursday a decline in second-quarter profit amid higher expenses. Revenues, however, increased from last year with growth in all regions. Further, the company lifted its forecast for fiscal 2017 revenues. The company also announced a share buyback of up to 500 million euros in the second half.

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