European market leader SAP (SAP.US) faces a cold reception in its financial report: Slowdown in cloud revenue growth, weakened US dollar being the main reason.

Wisdom Financial APP learned that SAP SE (SAP.US), the largest technology company in Europe by market value, released its latest financial report on Tuesday. Operating profit (non-IFRS) rose to 2.568 billion euros, while free cash flow showed a significant improvement, reaching 2.357 billion euros, an 83% year-on-year increase. Earnings per share also showed strong growth, with basic earnings per share (IFRS) increasing by 91% to 1.45 euros, and diluted earnings per share increasing by 92% to 1.44 euros.