BERLIN — SAP SE, the business-software maker, on Sunday said profit and sales declined in the three months through Sept. 30, as the economic fallout of the global response to the coronavirus pandemic hit core business units.
The Walldorf, Germany-based software maker said total revenue fell 4% to EUR6.54 billion, equivalent to $7.76 billion, in the third quarter, and operating profit slipped 1% to EUR2.07 billion. Cloud revenue rose 10% to EUR1.98 billion, and revenue from software and cloud services combined fell 2% to EUR5.5 billion.
As the pandemic continues to weigh on the economy and the threat of new lockdowns arises during a resurgence of Covid-19 infections, business customers are becoming more cautious about spending and investment, affecting core business units, SAP said.
“Lockdowns have been reintroduced in some regions, recovery is uneven and companies are facing more business uncertainty,” SAP said. “Consequently, there is greater scrutiny of larger