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The net profit of German SAP, the world's largest producer of software for enterprise management, in the second quarter increased by 8% year-on-year to 719 million euros. Operating profit was 1 billion 40 million euros, increased by 13%. In the earnings period, the company increased its revenue by 4% year-on-year to 6 billion euros. A powerful impetus to growth in the cloud business allowed SAP to improve its earnings and earnings forecasts for 2018. In the second quarter, new orders for SAP cloud services grew by 29% to 421 million euros. The total revenue from subscriptions to cloud services and their support increased by 30% to 1 billion 210 million euros. The number of subscribers of the analytical database S/4 HANA grew by 41% in annual terms to 8 thousand 600 euros.
On Friday, Caterpillar Inc (CAT.N) announced a lower second-quarter profit because of the recession caused by the coronavirus outbreak. The decline was due to lower sales volume and changes in dealer inventories. During the second quarter ...
On Thursday, the United States’ Gross Domestic Product (GDP) suffered the biggest economic decline in the second quarter as the surge of coronavirus cases affected the whole country. The U.S. government decided to shut down restaurants, ...
Samsung Electronics Co Ltd looks forward to the second half of the year as it expects a larger increase in chip demand brought by new smartphone launches. However, the company warned that the coronavirus crisis and trade disputes carry risks. Samsung, ...
The second quarter had seen Australian consumer prices dropping by a record. This could be attributed to the coronavirus crisis dragging child care cost and petroleum prices, inflicting a serious damage to years of growth toward higher inflation. Last ...
Spain’s unemployment rose to 15.33% for the second quarter of 2020, according to Tuesday’s data from the National Statistics Institute amid the worsening COVID-19 situation in the country. The unemployment rate surged past the ...
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