SAP profit falls, despite revenue rise amid war-fueled economic uncertainties
SAP SE said Friday that first-quarter profit fell despite revenue rising as it combated economic uncertainties amid Russia's war in Ukraine.
Current cloud backlog, a measure of the growth momentum of its cloud business, was EUR9.73 billion, up 23% at constant currencies, with the war in Ukraine reducing current backlog growth by 0.8 percentage points, SAP said.
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