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Germany's biggest software maker cut its business outlook for 2020 to to €27.2 to 27.8 billion from a previous estimate in April of €27.8 to 28.5 billion . In its earnings report, released before the start of trade, SAP reported a 4% drop in total revenue in the third-quarter of the year to €6.535 billion , due to a decline in its software-licensing business, which had previously been the company's bread and butter.
Serves them right. They have been gouging customers too long.
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