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SAP Outpaces Rivals, Sees Robust Pickup for New Software

  • More than 1,300 Businesses running new S/4 suite, SAP Says
  • Emerging market weakness in Brazil, China, Russia persists
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SAP SE reported business-software sales outpacing those of IBM and Oracle Corp. though Chief Executive Officer Bill McDermott stopped short of raising full-year forecasts as weakness in emerging markets weighs on the current quarter.

The German company said it’s seeing “robust” demand for its latest flagship finance and logistics software and reaffirmed expectations for operating profit this year of 5.6 billion euros ($6.3 billion) to 5.9 billion euros, excluding currency fluctuations. Software license, support and cloud subscription revenue may grow by 10 percent from last year’s 14.3 billion euros.