⁍ Business software group SAP cut its guidance for 2020 and for the medium term on Sunday.
⁍ It said the reimposition of coronavirus lockdowns had hit its business and hard-hit industries.
– Business software company SAP on Sunday cut its guidance for 2020 and for the medium term, saying the reimposition of coronavirus lockdowns had hit its business and hard-hit industries would now take longer than expected to recover, reports Reuters. “While SAP continues to see robust interest in its solutions to drive digital transformation, lockdowns have been recently re-introduced in some regions and demand recovery has been more muted than expected,” the company said in an ad hoc statement.
Source: https://www.reuters.com/article/sap-se-results/sap-cuts-2020-mid-term-guidance-due-to-covid-19-hit-idUSL8N2HG0NF