SAP: Europe's largest technology company is being harmed by the commercial war
SAP's software license revenue decreased by 5% due to "trade-related uncertainty in Asia," said Luka Mucic, CFO of the company.
"With continued strong customer demand and our tight focus on profitability, we remain so confident in our 2019 view that we are in our mid-term ambition," said Mucic.
SAP said cloud computing revenue increased 40% in the second quarter to $ 1.7 billion ($ 1.9 billion). Total sales increased by 11% to 6.6 mi lliard euro (7.4 billion dollars). Analysts expect sales of € 6.7 billion ($ 7.5 billion), according to Refinitiv.
The saliva has inferior US farmers, increased costs for US companies and weakened global economy. German exporters, which sell a large amount of goods to China, have also been pressured.
The conditions can worsen further: Trump has threatened to impose tariffs on all exports from China if countries cannot agree on trade.
