SAP operating profit in Q1 up 15% to 1.06b euros
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GERMAN business software maker SAP reported a 15 per cent rise in operating profit helped by a cheap euro, even as rising investment in newer cloud-based software squeezed its profit margin.
Europe's largest software company said on Tuesday first-quarter operating profit, excluding special items, rose to 1.06 billion euros (S$1.5 billion), matching the average expectation in a Reuters poll.
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