SAP Revenue Surges, but Guidance Cut Amid Shift to Cloud

Text size Cloud revenue at SAP, the German software giant, rose 34% in the second quarter to €3.06 billion. Daniel Roland/AFP via Getty Images SAP posted better-than-expected revenue growth for the second quarter, but profit fell short of estimates as the German enterprise software company’s transition to a cloud-based business […]

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American Express CEO doubts recession fears

A big quarter for American Express (AXP) has CEO Stephen Squeri staying optimistic into the back half of the year. “We’re acquiring spending and we see future travel bookings [strong] so I don’t see it [a recession] in my numbers at all,” Squeri told Yahoo Finance. “It’s really hard for […]
American Express CEO doubts recession fears