SAP Says Covid May Continue to Squeeze Sales This Year
- Software maker continues to struggle with demand due to Covid
- CEO Christian Klein working on moving customers to cloud
Photographer: Krisztian Bocsi/Bloomberg
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SAP SE’s attempt to accelerate moving customers to cloud-based software began to see signs of success, although the company warned sales will continue to be impacted by the effects of the coronavirus pandemic.
The corporate software maker said 2021 cloud and software revenue, excluding some items, will be as much as 23.8 billion euros ($28.9 billion) in constant currency. When currency is adjusted, revenue may fall as much as 4% from a year earlier, Walldorf, Germany-based SAP said late Thursday in a statement.