SAP nudges up multi-year outlook after posting in-line 2016 results


Optimistic outlook: SAP SE CEO Bill McDermott (R) and CFO Luka Mucic thumb up prior to the company's annual meeting in Walldorf,

WALLDORF: SAP, Europe's most valuable technology firm, on Tuesday posted 2016 results on the lower side of analysts' expectations, while nudging up its 2017 sales and profit guidance and signalling slightly higher revenue ambitions four years out.

Fourth-quarter operating profit, excluding special items, for the German software maker rose 4% to €2.37bil  (RM11.28bil), the company said in a statement.

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