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SAP warns exchange rate impact to worsen in second quarter

17
Apr
2014

By Harro Ten Wolde FRANKFURT (Reuters) – German business software maker SAP warned on Thursday that it expected the negative impact of volatile exchange rates to worsen in the second quarter as the strong euro weighs on its financial results. SAP said its software and software-related service revenues would take a 6 percentage point hit in the second quarter if exchange rates remained at March levels. Operating profit excluding special items would be 8 percentage points lower. That compares with a first-quarter impact of 5 percentage points on both software and software-related service revenues and operating profit.

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