German cloud-based software company, SAP SE (SAP) is down 3% in the Wednesday market despite reporting a strong second quarter.
The net income of the company was 1.92 billion euros or 1.75 euros per share while the revenue was 6.67 billion euros. The company also reported that its revenue from cloud services has gone up 11% to 2.276 billion euros.
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May 01, 2026 15:54 ET Central banks dominated the economics news flow this week with almost all major ones announcing their latest policy decisions and many boosted expectations for a rate hike in June. In other news, several countries released the preliminary data for first quarter economic growth. In the U.S., comments by Fed Chair Jerome Powell were also in focus as his term ends this month.