SAP Says Trade War, Dollar Weakness Weighing on Bottom Line

SAP SE warned that the global trade war and the dollar’s weakness are weighing on its business. Shares of the German software company fell.

Clients are finding it harder “to make well-informed decisions,” Chief Financial Officer Dominik Asam said on an investor call after the company reported its second-quarter earnings. He added that management is preparing SAP “for less favorable outcomes” to protect its bottom line and free cash flow this year.