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ZEN - What SAP Can Acquire To Meet Its Revenue Shortfall
Zendesk Inc.
Originally published July 24, 2019
Last week, [[SAP]] reported results of its second quarter, which were just short of analyst expectations. A major cause for worry was the 5% decline in software license revenue. The disappointing results led to a 7% slide in its stock price.
SAP’s Financials
SAP’s second quarter revenues grew 11% over the year to €6.6 billion ($7.4 billion) compared with the market’s forecast of €6.7 billion. Adjusted profit grew by 11% to €1.8 billion ($2.02 billion), falling just shy of analyst estimates.
During the quarter, Cloud computing revenue increased 40% to