SAP trims profit outlook after acquisitions
SAP trims profit outlook after acquisitions
Thu, July 23, 2026 at 8:45 PM UTC
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July 23 (Reuters) - SAP on Thursday cut its 2026 non-IFRS operating profit outlook to €11.8 billion to €12.2 billion at constant currencies, from €11.9 billion to €12.3 billion euros, citing the dilutive impact of the Dremio and Prior Labs acquisitions.
Its cloud and software revenue targets were unchanged.
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Cloud revenue rose 24% year-on-year at constant currencies to 6.28 billion euros, while software licence revenue fell 32% at constant currencies to 131 million euros, reflecting SAP's shift from upfront licences to subscriptions.
Current cloud backlog rose 26% at constant currencies to 22.93 billion euros, signalling resilient contracted cloud revenue over the next 12 months.
(Reporting by Leo Marchandon in Gdansk; Editing by Chris Reese)
Source: “AOL Money”
