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
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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...

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