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SAP Q1 Profit Down; Updates FY23 Outlook

SAP SE (SAP) reported that its first quarter profit after tax declined to 509 million euros from last year's 632 million euros, with earnings per share decreasing to 0.41 euros from 0.63 euros in the previous year.

Profit after tax from continuing operations for the first quarter dropped to 403 million euros from 1.02 billion euros in the prior year.

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by RTTNews Staff Writer

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