SAP lifts multi-year outlook after posting in-line 2016 results

Walldorf, Germany

SAP, Europe's most valuable technology firm, on Tuesday posted 2016 results on the lower side of analysts' expectations, while edging up its 2017 sales and profit guidance and signalling slightly higher revenue ambitions four years out.

Fourth-quarter operating profit, excluding special items, for the German software maker rose 4 per cent to 2.37 billion euros (S$3.6 billion), as growth in its German businesses offset its currency-hit US business, the company said in a statement.