SAP Q1 operating profit up 15%, aided by cheap euro

April 21, 2015 7:02 AM

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SAP Q1 operating profit up 15%, aided by cheap euro

German business software maker SAP on Tuesday reported a 15 per cent rise in operating profit helped by a cheap euro, even as rising sales of cloud-based software dampened profit margins relative to its classic licensed software business.

Europe's largest software company said on Tuesday first-quarter operating profit, excluding special items, rose to 1.06 billion euros, in line with the average expectation of 1.06 billion euros in a Reuters poll.

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