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SAP +2.7% as preliminary results show growing profit, healthy cash flow

Jan. 14, 2021 6:40 PM ETSAP SE (SAP) StockSAPBy: Jason Aycock, SA News Editor3 Comments
  • SAP has risen 2.7% after hours following its report of preliminary figures for the fourth quarter, including revenues that fell 6% year-over-year.
  • Those revenues were €7.54B, capping a not-as-bad-as-expected decline. And cloud revenues rose 7% (non-IFRS basis) to €2.04B. Its current cloud backlog is also up 7%, to €7.15B.

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