SAP cuts profit outlook for 2022 as Ukraine war impacts sales

clock • 2 min read
The company is set to embark on a share buyback scheme to take advantage of lower stock prices, later this year
Image:

The company is set to embark on a share buyback scheme to take advantage of lower stock prices, later this year

Withdrawal from Russia and Belarus has led to losses of nearly €120 million

German business software maker SAP has beating analysts' estimates in its Q2 financial results thanks to a boost to its cloud business - although the firm lowered its profit outlook for the full ye...

To continue reading this article...

Join Computing

  • Unlimited access to real-time news, analysis and opinion from the technology industry
  • Receive important and breaking news in our daily newsletter
  • Be the first to hear about our events and awards programmes
  • Join live member only interviews with IT leaders at the ‘IT Lounge’; your chance to ask your burning tech questions and have them answered
  • Access to the Computing Delta hub providing market intelligence and research
  • Receive our members-only newsletter with exclusive opinion pieces from senior IT Leaders

Join now

 

Already a Computing member?

Login

More on Threats and Risks

Microsoft email users targeted in new phishing campaign that can bypass MFA

Microsoft email users targeted in new phishing campaign that can bypass MFA

Fintech, insurance, accounting, lending and credit union entities in the US, UK, New Zealand and Australia have been targeted in what seems to be an effort to steal funds

clock 05 August 2022 • 3 min read
Politicians and security experts have raised concerns over TikTok's treatment of user data for years

UK Parliament shuts TikTok account over China concerns

The account only lasted a week.

clock 04 August 2022 • 3 min read
Ballot distribution for Tory leadership contest delayed over hacking alert

Hacking concerns delay Tory leadership contest ballot distribution

The National Cyber Security Centre has warned that cyber actors could alter the votes of scores of party members

clock 03 August 2022 • 2 min read