Tuesday, April 21, 2020

SAP Posts Profit, Backs FY20 View; Co-CEO Jennifer Morgan To Leave; Stock Dips

German software major SAP SE reported Tuesday a profit in its first quarter, compared to last year's loss with good growth in revenues. Going ahead, the company maintained its fiscal 2020 outlook. The company late Monday announced the departure of Co-CEO Jennifer Morgan in April end, as the firm simplifies its leadership structure amid the coronavirus pandemic.

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