SAP Predicts Euro Slide Will Boost Software Revenue, Profit
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German business software maker SAP SE became the latest European company to say it’s benefiting more than anticipated from the euro’s slide.
Sales and operating profit this year will rise more than the company forecast just two months ago, SAP said in a regulatory filing Friday, underscoring how a gain in the U.S. dollar against the euro since the end of last year helps SAP when it converts overseas revenue to its home currency.