Tuesday, January 29, 2019

SAP Q4 Profit Down, Sees Strong Growth Ahead; Plans Restructuring; Stock Dips

Shares of SAP SE were losing around 3 percent in the morning trading in Germany after the software giant reported Tuesday lower profit in its fourth quarter. Operating profit, however, climbed on higher revenues. Looking ahead, the company projects higher profit and revenues in fiscal 2019, lifted its fiscal 2020 revenue view and also introduced a 2023 ambition. SAP also plans restructuring.

from RTT - Earnings http://bit.ly/2G6iXhb
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