SAP reports revenue growth of 5% in Q2, lowers cloud revenue forecast


Hasso Plattner, co-founder and outgoing Supervisory Board chairman, CEO Christian Klein and designated Supervisory Board Chairman Punit Renjen pose for a picture prior to the software giant SAP's annual shareholder meeting in Mannheim, Germany, May 11, 2023. REUTERS/Kai Pfaffenbach

(Reuters) - Business software maker SAP reported second-quarter revenue growth of 5% on Thursday, in line with market expectations, boosted by its core cloud business.

For the full year, it lowered its cloud revenue outlook to 14.0-14.2 billion euros ($15.59-$15.81 billion) from 14.0-14.4 billion, and slightly lifted its forecast for its non-IFRS operating profit to 8.65-8.95 billion euros from 8.6-8.9 billion.

($1 = 0.8980 euros)

(Reporting by Anna Mackenzie and Andrey Sychev, Editing by Kirsti Knolle)

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