About: http://data.cimple.eu/news-article/a4a96422e78926e8aa6064fda75689e27333efc0a2620c27ee0ad780

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About: http://data.cimple.eu/news-article/a4a96422e78926e8aa6064fda75689e27333efc0a2620c27ee0ad780 Goto Sponge NotDistinct Permalink

An Entity of Type : schema:NewsArticle, within Data Space : data.cimple.eu associated with source document(s)

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rdf:type	schema:NewsArticle
schema:articleBody	Shares in German software giant SAP plunged on Monday after it downgraded its outlook on falling demand due to a renewed surge in coronavirus infections. At 1300 GMT, shares in Frankfurt were down 20.0 percent at 99.89 euros, dragging down Germany's blue-chip DAX index, which fell 2.8 percent. The tech company, based in the southern German town of Walldorf, trimmed its 2020 revenues forecast to between 27.2 billion and 27.8 billion euros ($32.1 billion and $32.8 billion), compared with a previous estimate of 27.8 billion to 28.5 billion euros as "demand recovery has been more muted than expected" due to further restrictions amid the latest coronavirus spikes. SAP, which offers both traditional software and cloud computing services, said it had benefitted from firms doing more work online. But the company said its customers, "particularly those in hard hit industries, continue to be impacted by the economic consequences of the Covid-19 pandemic". It said it no longer expects a recovery in its Concur business travel-related revenues for the rest of the year. Revenues fell four percent year-on-year in the third quarter to 6.5 billion euros, with adjusted operating profit slid one percent to 2.1 billion euros. The results "missed expectations across the board," according to Berenberg analyts. edf/hmn/rl
schema:headline	SAP shares plummet on trimmed outlook
schema:mentions	Walldorf Cloud computing EDF Energy Slid (Fluke song) Frankfurt Germany Pandemic Coronavirus disease 2019 SAP Concur Berenberg family The Tech (newspaper) SAP SE DAX Microsoft Outlook Greenwich Mean Time
schema:author	http://data.cimple.eu/organization/1f0054d541e000623a2c1e561a247c073ef6328e8be9ffafda7b3fcd
schema:datePublished	2020-10-26 (xsd:date)
http://data.cimple...sPoliticalLeaning	other political leaning
http://data.cimple...logy#hasSentiment	negative sentiment
http://data.cimple...readability_score	58 (xsd:integer)
http://data.cimple...tology#hasEmotion	fear

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