FILE PHOTO: A logo on the SAP exhibition space at the Viva Technology conference dedicated to innovation and startups at Porte de Versailles exhibition center in Paris, France June 15, 2022. REUTERS/Benoit Tessier
STOCKHOLM (Reuters) - SAP reported second-quarter revenue growth of 13% on Thursday, beating estimates on a boost from its cloud business, although the German business software group trimmed its profit outlook for the year due to the war in Ukraine.
SAP, which makes software for managing business processes, has been moving to subscription-based cloud services from software licences with up-front fees.
