SAP, a German software corporation, reported that U.S. tariff tensions were slowing down customer decision-making, but the Japan trade deal brought cautious optimism. The company, now Europe’s largest listed firm, focuses on cloud computing and AI for revenue. Despite mixed Q2 results, SAP reiterated its 2025 outlook amidst uncertainty.

In Q2, SAP saw a 9% revenue increase to 9.03 billion euros, just below estimates, with an operating profit slightly above expectations at 2.57 billion euros. The company’s cloud backlog rose by 28% to 18.05 billion euros, reflecting strong performance. However, fluctuations in foreign exchange rates and market reactions led to a 3.5% share price drop.

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1. Apple announced a new feature for its Maps app that will show users COVID-19 vaccination locations in the US. The update is part of the tech company’s efforts to support the vaccine rollout across the country.

2. Amazon reported a 44% increase in sales for the first quarter of 2021, reaching $108.5 billion. The e-commerce giant also disclosed that its profit more than tripled to $8.1 billion, surpassing Wall Street expectations.

3. Tesla posted record profits in the first quarter of 2021, with a net income of $438 million. The electric car maker’s revenue also surged to $10.39 billion, up 74% from the previous year, driven by strong demand for its vehicles.

4. Facebook revealed a 48% increase in revenue for the first quarter of 2021, totaling $26.17 billion. The social media company’s net income nearly doubled to $9.5 billion, benefiting from a surge in digital advertising during the pandemic.: Germany’s SAP flags U.S. trade hit but says Japan deal gives ‘hope’