SAP checks cloud forecast to find it's not raining as much revenue as hoped

SAP has disappointed markets following a readjustment of cloud revenue forecasts despite robust sales in its calendar Q2 profit and loss accounts. Revenue for the quarter reached €7.55 billion, up 5 percent on the same period last year. Cloud revenue totalled €3.3 billion, up 19 percent, while software license revenue fell 26 …

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