SAP Sales, Earnings Miss Estimates Amid Shift to Online
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SAP AG, the largest maker of business-management software, is finding it hard to please investors as a sales boost from its shift to online programs is being muted by a slowdown for older products and a strong euro.
The company reported first-quarter sales and earnings that missed analysts’ estimates as it reckons with the costs of an industrywide shift to software delivered as an Internet service. Walldorf, Germany-based SAP’s stock fell 1.2 percent.