SAP SE on Thursday posted higher revenue for the second quarter as its cloud business continued to grow, but the war in Ukraine harmed operating profit, prompting the German business-software giant to lower its forecast for the year.
Reporting on a non-IFRS basis, SAP SAP XE:SAP said operating profit slipped to 1.68 billion euros ($1.71 billion) from EUR1.92 billion, with its operating margin down to 22.4% from 28.8%. Analysts polled by FactSet had forecast operating profit of EUR1.74 billion.
SAP…
