German software giant SAP report fourth quarter earnings on Tuesday. Last quarter cloud related sales were up 37% and $SAP gave robust guidance as it takes on cloud giants Amazon (AWS) and Microsoft however global economy risks have increased since.
SAP Stock Slumps on Margins Miss Despite Robust Cloud Outlook
German software giant SAP reported worse than expected third quarter earnings on lower margins Thursday. Despite cloud related sales up 37% and a robust guidance as it takes on cloud giants Amazon (AWS) and Microsoft $SAP Slumped 7.5%.
Cloud Powers SAP Earnings To Beat Forecasts
German software giant SAP reported better than expected second quarter earnings Wednesday with cloud related sales up 40%. $SAP raised guidance as takes on cloud giants Amazon (AWS) and Microsoft with software sales and support still it’s driver.