The results of the German SAP, a company that develops management software, surpassed analysts’ estimates. The operating profit of the company amounted to 1.52 billion euros in the second quarter of this year. Experts surveyed by Bloomberg pointed to operating profits of German would amount to 1.45 billion euros from April to June.
Sales in the second quarter were worth 5.24 billion euros, above the estimated by analysts. Experts surveyed by Bloomberg predicted that sales reached the 5.22 billion euros. The Wall Street Journal (WSJ) reported that this increase in sales is due to the cloud based on the business.
In a conference call, said the US publication, Luka Mucic, CFO of SAP , pointed out that “the restructuring costs were close to zero” in the first half of 2016. the restructuring costs amounted to euro 22 million in the first six months of the year. In the first half of 2015, these costs amounted to 418 million euros
On the other hand, and on the impact of the British referendum will the country remain in the European Union. – Where the population voted for output – the company has not felt any effect of that decision. “Despite fears, do not experience any effects of vote by Brexit,” said CEO, Bill McDermott, he told Bloomberg. “I have not seen many global multinationals say, ‘I changed my business strategy as a result of Brexit’” added
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