The Outlook for SAP Is Rosy, Says CFO Mucic
SAP SE reported sales that topped estimates and raised its outlook for the year, as more customers signed up for its flagship S/4 Hana business software. Sales for the third quarter rose 8 percent to 5.4 billion euros ($5.9 billion), SAP reported Friday. That compares with the average 5.3 billion-euro estimate of analysts’ projections compiled by Bloomberg. Operating profit was 1.64 billion euros, just slightly below the 1.65 billion euro average estimate. CFO Luka Mucic discusses business with Guy Johnson in London and Caroline Hyde in Berlin on "Bloomberg Markets: European Open."