SAP shares drop after it maintains outlook despite strong quarter


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/ File Photo

BERLIN (Reuters) -Shares in SAP fell on Wednesday after the German software maker reported higher quarterly sales and earnings but held off on increasing full-year targets, which some investors had expected.

SAP shares were down by 3.9% at 0730 GMT, after the company late on Tuesday reported higher sales, profitability and free cash flow in the second quarter, but maintained its outlook, citing "elevated levels of uncertainty and reduced visibility".

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