SAP Sales Top Estimates on Currency Boost Amid Cloud Shift
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SAP SE reported first-quarter sales that beat analysts’ estimates as a weaker euro boosted revenue, even as acquisition and restructuring costs held profitability in check.
Sales rose 22 percent to 4.5 billion euros ($4.8 billion), and operating profit adjusted for some items was 1.06 billion euros, the Walldorf, Germany-based business-software maker said Tuesday. Analysts had estimated 4.3 billion euros in revenue and currency-adjusted operating profit of 1.07 billion euros, according to data compiled by Bloomberg.